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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, in an effort to keep united its scattering capital in hands of family members.
The high-end handbag producer said in a statement that the decision was made on Friday,
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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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