LVMH to Acquire Royal van Lent, Designer and Builder of Feadship Luxury Mega-Yachts

Mon Sep 1, 2008 1:30pm EDT

* Reuters is not responsible for the content in this press release.

PARIS--(Business Wire)--
LVMH Moet Hennessy - Louis Vuitton, the world's leading luxury
products group, has signed an exclusive agreement with Egeria, an
investment company based in the Netherlands, to acquire Royal van
Lent, the Dutch designer and builder of luxury custom mega-yachts sold
under the Feadship brand.

   This acquisition will enable LVMH to enlarge its scope of
activities and to expand its presence in products and services at the
top of the luxury market. Royal van Lent's yachts target an
ultra-exclusive clientele and are built to the highest quality
standards using specific know-how. Feadship's attributes of
creativity, craftsmanship, innovation, quality and exclusive
positioning are shared by all the luxury businesses operated by LVMH.

   Founded 160 years ago, Royal van Lent enjoys a leading market
position. It designs and builds custom mega-yachts under the Feadship
brand, one of the most exclusive and prestigious brands in the world
for motor-yachts measuring over 50 meters.

   The custom-built ultra-luxury mega-yacht sector offers strong
global growth prospects. By targeting exclusively ultra-high net worth
individuals, Royal van Lent offers an outstanding growth opportunity
that is resistant to economic cycles. Since 2000, the worldwide order
book for custom-built luxury yachts measuring over 50 meters has grown
by more than 20% per annum.

   LVMH will work closely with Royal van Lent's management team, and
is committed to the continued, long-term development of the company
and the Feadship brand. LVMH will leverage its very high end client
network and global reach, both in developed and emerging countries, to
accelerate the growth of Royal van Lent and the Feadship brand
worldwide. The objective is to consolidate the company's leadership
while maintaining its unique heritage, exclusive positioning and
exceptional craftsmanship. Dick van Lent will continue to head the
company.

   Antonio Belloni, Group Managing Director of LVMH, commented: "This
acquisition is an outstanding opportunity for LVMH to welcome to the
group as prestigious a business as Royal van Lent, which is
well-established in the ultra-luxury market. We are confident about
its growth potential in the exclusive mega-yacht sector, a market with
sustainable growth prospects."

   Dick van Lent, Chief Executive Officer of Royal van Lent, added:
"I am delighted that Royal van Lent will become part of the LVMH
family, which has a proven track record in preserving the heritage of
prestigious brands, with high quality products, while positioning them
for successful global growth. We look forward to benefiting from the
support and strategic leadership of the world's leading luxury goods
company. I am pleased to be involved in the continued development of
Royal van Lent, a company with 160 years of history in yacht
construction, as part of the LVMH family."

   The works council of Royal van Lent has been asked to render its
advice in respect of the intended transaction and the relevant trade
unions have been informed. The intended transaction will be subject to
clearance of the relevant competition authorities.

   About LVMH

   LVMH Moet Hennessy Louis Vuitton is the world's leading luxury
products group. The Group is represented in Wines and Spirits by a
portfolio of brands that includes Moet & Chandon, Dom Perignon, Veuve
Clicquot Ponsardin, Krug, Ruinart, Chateau d'Yquem, Hennessy,
Glenmorangie, Ardbeg, Belvedere Vodka, Chopin, 10 Cane, Chandon,
Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Green Point, Cape
Mentelle, Newton. Its Fashion and Leather Goods division includes
Louis Vuitton, the world's leading luxury brand, as well as Celine,
Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Donna Karan,
Marc Jacobs, Berluti, StefanoBi as well as eLUXURY, the authoritative
online source for luxury goods on the Internet. LVMH is present in the
Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain,
Parfums Givenchy, Parfums Kenzo, Perfumes Loewe as well as other
promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever,
Acqua di Parma and Fresh). LVMH is also active in selective retailing
through DFS, Sephora in Europe and in the United States, Le Bon Marche
and la Samaritaine. LVMH's Watches and Jewelry division comprises TAG
Heuer, Chaumet, Christian Dior Watches, Zenith, Fred, Hublot and De
Beers Diamond Jewellers Limited, a joint venture created with the
world's leading diamond group.

   About Royal van Lent

   Royal van Lent Shipyard B.V. is a Dutch incorporated company,
which designs and custom builds luxury mega-yachts. The mega-yachts
are over 50-meters long and combine unparalleled craftsmanship and the
most cutting edge design techniques. Throughout its 160 years of
existence, Royal van Lent has developed a unique level of expertise in
the mega yacht segment, having manufactured over 800 yachts since the
Company's inception. All yachts are manufactured in the Netherlands
and sold under the exclusive Feadship brand (www.feadship.nl), one of
the most prestigious mega-yacht brands in the world.

Analysts and investors :
LVMH
Chris Hollis, + 33 1 44 13 21 22
or
Media :
France :
DGM Conseil
Michel Calzaroni / Olivier Labesse / Sonia Fellmann
+ 33 1 40 70 11 89
or
UK :
M : Communications
Hugh Morrison, + 44 207 153 15 34
or
Italy :
Financial and Corporate Press
Community Group
Auro Palomba / Roberto Patriarca, +39 02 89 40 42 31
or
US :
Kekst & Company
James Fingeroth / Victoria Weld / Molly Morse
+1 212-521-48 00

Copyright Business Wire 2008
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