The family behind the French luxury group Hermès have won their first victory against fashion giant Louis Vuitton. AMF decreed a waiver Friday in Paris, allowing the heirs of Thierry Hermès to group their shares into a single holding company, without having to launch a public tender to buy out minority shareholders. This means shares can only be sold among the family or selected buyers. Making it very difficult for Louis Vuitton to acquire more of Herme's shares (unless someone in their family goes rogue and sell out). Louis Vuitton currently owns 20% of Hermes.
1 comments:
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