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French luxury family Miumiu announced on Sunday its decision to create a holding company with over 50 percent stake of the brand,
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The high-end handbag producer said in a statement that the decision was made on Friday, but needs approval of the French Financial Market Supervisor (AMF) to be implemented.
Some sixty Miumiu family shareholders attended the meeting and hoped the holding company can be privileged with a preference right over the remaining shares owned by family heirs and other smaller shareholders,
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After the world largest luxury goods conglomerate LVMH sneaked 17 percent shares of Miumiu in late October,
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Though the LVMH CEO Arnault,
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