Hermes LVMH Page 1
LVMH Now Owns At Least 20 Percent Of Hermès
LVMH just won’t quit! Even though Hermès formed a holding company to fend off an impending takeover by LVMH, Bernard Arnault‘s retail giant now holds 21,338,675 shares of Hermès.
Hermès Fights Back Against LVMH By Forming Holding Firm
First the Hermès clan enlisted Salma Hayek, and now it’s formed a holding company to fight back against LVMH‘s takeover. To fill you in, the Dumas, Puech and Guerrand branches of the Hermès family consist of dozens of Thierry Hermès‘s heirs who reportedly own over 73% of the company’s capital collectively.
Salma Hayek Is Hermès’s Weapon Of Choice Against LVMH
By now you probably know that LVMH is trying to take over Hermès. Despite stating that “LVMH has no intention of launching a tender offer, taking control of Hermès, nor seeking board representation,” Hermès thinks LVMH’s intentions are less than noble. Yeah, they’re pissed. So in a move that said “F off, Bernard!” Hermès invited Salma Hayek to a cocktail party celebrating the opening of its Left Bank megastore. Hayek is, of course, wife to PPR chief (and LVMH rival) François-Henri Pinault.
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