The Hermes family thinks it has been wronged. But in its fight against an unwanted shareholder, it seems intent on sacrificing the French luxury group's remaining minority investors. To fend off the unwanted advances of larger rival LVMH, which stealthily amassed a 17 percent stake in the Birkin bag maker, the family is planning to pool its shares in a holding company that will control more than 50 percent of the group. It has asked the French regulator to exempt it from rules that would trigger

Measured by sales, LVMH is the world's largest luxury-goods company, and is run by French businessman Bernard Arnault. The latest LVMH purchase makes Arnault the largest individual shareholder of Hermes. LVMH bought its new shares on and off the market, the company said in the regulatory...

Arnault aside, Hermes minority shareholders own no more than 10 percent of the company — their shares are worth around 1.6 billion euros at current market prices. The family has profited handsomely from its investment: the company's shares are up 60 percent this year alone. The Hermes clan...

The family's proposal "doesn't respect the principle of equal treatment for shareholders" and "will have harmful consequences for minority investors," she wrote. Neuville represents Hermes investors in Belgium, the U.S. and Switzerland in the matter and will discuss with them a possible...

family controlling more than 70 percent of Hermes stock, "it's not normal" that LVMH Chief Executive Officer Bernard Arnault should hold 20.2 percent of the shares, Bertrand Puech said in an interview in Paris yesterday. "We want him to reduce his stake to less than 10 percent." LVMH won't be...

1 luxury group LVMH insists that they are best positioned to ensure the long-term survival of Hermes. Seeking to soothe the ruffled feathers of Hermes Chief Executive Patrick Thomas who is furious that LVMH has quietly acquired a 20% stake in Hermes, Arnault said: "We can bring them...

The Hermes family thinks it has been wronged. But in its fight against an unwanted shareholder, it seems intent on sacrificing the French luxury group's remaining minority investors. To fend off the unwanted advances of larger rival LVMH, which stealthily amassed a 17 percent stake in the Birkin bag maker, the family is planning to pool its shares in a holding company that will control more than 50 percent of the group. It has asked the French regulator to exempt it from rules that would trigger

In fact, I can't deal with . Not on me. Not on anyone. Sure, back in the day and to some extent even these days, wearers of long nails are thought to ooze with femininity. Long nails declare that we're successful and a bit of a vixen, in control of everything from our careers to our bedroom...

The Hermes family thinks it has been wronged. But in its fight against an unwanted shareholder, it seems intent on sacrificing the French luxury group's remaining minority investors. To fend off the unwanted advances of larger rival LVMH, which stealthily amassed a 17 percent stake in the Birkin bag maker, the family is planning to pool its shares in a holding company that will control more than 50 percent of the group. It has asked the French regulator to exempt it from rules that would trigger

a departure for Hermès's strategy in the country, where it already has two branches in Delhi and Pune, both in hotels... The process has taken them 18 months and it is hoped that the store will inspire other businesses to help revive and restore the area." Forecast-beating LVMH lifts stake...

 

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