According to WWD, this means LVMH “has crossed the threshold of 20 percent of shares of Hermès International.” We don’t quite know if this makes a huge difference in terms of a takeover, since the holding company formed by the Hermès family reportedly owns 73% of Hermès’s capital. While it’s possible LVMH will buy the remaining unaccounted for 7%, its shares would still be vastly outnumbered by those owned by the holding company.
Hermès Fights Back Against LVMH By Forming Holding Firm [Styleite]
Salma Hayek Is Hermès’s Weapon Of Choice Against LVMH [Styleite]
How LVMH Sneakily Bought $4 Billion Of Hermes [Styleite]
LVMH Buys A $4 Billion Chunk Of Hermès [Styleite]