Tagged With: Hermès luxury goods group LVMH raid

October 23, the world’s luxury goods group LVMH announced that they have control of the Hermès Group’s 17.1% stake, in addition to Hermès become the largest shareholder outside the family heir. To this end, LVMH spent € 1.29 billion purchase of Hermès’s stock, saying the move as “the industry’s top luxury brand strategy of holding … Continue reading »