Luxury goods group Hermes International might be a takeover target for rival LVMH, according to market rumours.

Reuters reported that Hermes shares had risen amid the speculation today (16 August).

Hermes, which posted a 6.5% increase in like-for-like sales for its first quarter this year, denied reports in 2005 that the company had received a takeover offer.

Neither Hermes nor LVMH were available to comment when contacted by just-style today.