FRANCE: LVMH May Raise Bid For Donna Karan
French luxury goods group LVMH Moet Hennessy Louis Vuitton may raise its takeover bid for US fashion house Donna Karan International by up to $1 or $1.5 per share, reports Les Echos, citing the New York Post. The current offer of $8.5 per share is considered too low by Donna Karan's shareholders.