The relationship between Hermès and LVMH hasn't exactly been the most peaceful since the luxury conglomerate's acquisition of the brand's company shares (let's just say there's been a lot of public name-calling). And the drama continues today as Hermès announces that they've taken legal action again.

In a short statement, Hermès International revealed today that it filed a complaint with a Paris court on July 10 against LVMH Moët Hennessy Louis Vuitton. “This complaint concerns the terms of LVMH’s entry into the capital of Hermès International,” the statement read. Specifically, the brand is accusing LVMH of engaging in insider trading and manipulating stock prices, an anonymous source revealed to Women's Wear Daily.

These accusations are nothing new though, and Hermès has been voicing their concern about LVMH stake building and alleged attempts to destabilize family shareholders for years now. In 2010, LVMH acquired 17.1 percent stake in Hermès but has increased its stake to 22.3 percent since.

So what does this mean for our beloved Birkin and Kelly bags? Well, Hermès has already won last year's court battle with LVMH, securing more than 70 percent of the shares via a family holding company. And LVMH has maintained that it's not seeking to take full control of the brand. We'll just have to wait and see what the court decides, but we have a feeling this is not going to be an easily resolved issue.

UPDATE: LVMH plans to file a retaliatory lawsuit against Hermès for “blackmail, false accusations and unfair competition,” according to a statement released today.

Check out some celebs with Hermès bags!

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  • Kim Kardashian, March 2012

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  • Sienna Miller, February 2012

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  • Jo Wood, February 2012

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  • Kim Kardashian, January 2012

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  • Claudine Keane, January 2012

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  • Kim Kardashian, January 2012

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  • Gabriella Ellis, November 2011

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  • Kelly Rutherford, September 2011

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  • Jessica Simpson, July 2011

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  • Julia Roberts, November 2010

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  • Lady Gaga, April 2010

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  • Catherine Zeta Jones, March 2010

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  • Julia Roberts, March 2008

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  • Victoria Beckham, June 2007

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  • Ellen Barkin, March 2007

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  • Ashley Olsen, February 2007

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  • Jada Pinkett Smith, December 2006

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  • Janet Jackson, November 2006

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  • Victoria Beckham, June 2006

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  • Victoria Beckham, June 2006

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  • Victoria Beckham, April 2006

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  • Brandy, September 2005

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  • Kelly Klein, September 2005

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  • Tori Spelling, June 2005

    (WireImage photo)

  • Sharon Osbourne, May 2005

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  • Lindsay Lohan, January 2005

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  • Lake Bell, January 2005

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  • Julianne Moore, November 2004

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  • Renee Zellweger, November 2004

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  • Sharon Stone, January 2004

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  • Sonya Walger, September 2003

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  • Catherine Zeta Jones, July 2003

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