LVMH Execs Stay Mum on Possible Deals

Dear Client: On a call with investors today regarding their first half results, LVMH Moet Hennessy execs refused to comment if any possible deals are in the works. When specifically asked if they would be interested in L'Oreal if it were available, chief and chairman Bernard Arnault responded "no." Whether or not anything else is in the pipeline is "difficult for me to answer" because either "we have plans and I can't reveal them," or there are no plans, he