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Strategies & Market Trends : The Good-The Bad and The Ugly -- Ignore unavailable to you. Want to Upgrade?

To: Jane4IceCream who wrote (4472)	12/8/2000 9:03:55 AM
From: Tim Luke	Read Replies (2) \| Respond to of 8686

keep an eye on SUPG.....one day this one is going to be huge

To: Jane4IceCream who wrote (4472)	12/8/2000 11:37:35 AM
From: Tim Luke	Read Replies (3) \| Respond to of 8686

DJ PPR Chief Says LVMH's Stk Option Plan Just "Froth"-Report PARIS (Dow Jones)--The chairman of Pinault-Printemps-Redoute SA (F.PPR) Friday described LVMH Moet Hennessy Louis Vuitton SA's (LVMHY) latest move in the battle for control of fashion house Gucci NV (GUC) as "just froth". Speaking in an interview on French cable television channel LCI, PPR's Serge Weinberg said the move by the retailer's rival to have the U.S. Securities and Exchange Commission review the New York and Amsterdam-listed designer's stock options plans was a distraction. "As far as I know, they have just talked about it anyway and not actually done it," Weinberg said. The spat between LVMH on the one hand, and Gucci and major shareholder PPR on the other, dates back to early 1999 but has reached fever pitch of late amid the filing of several lawsuits. No fewer than five legal moves have been announced since Nov. 27. PPR holds a 42% stake in Amsterdam-registered Gucci, acquired last year for $2.9 billion when it acted as a white knight to fend off a hostile takeover bid for the Italian fashion house being lined up by LVMH. LVMH has a 20.6% stake in Gucci, and is seeking to have the PPR-Gucci tie-up annulled in Dutch courts. Weinberg said the deal announced Dec. 4 for a 51% stake in the business of vaunted designer Alexander McQueen was worth "several hundred million francs". McQueen is currently head designer at LVMH label Givenchy and remains under contract there until October 2001. -By Kenneth Maxwell, Dow Jones Newswires; 331.4017-1740; kenneth.maxwell@dowjones.com (END) DOW JONES NEWS 12-08-00 11:35 AM