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mergers-acquisitions

October 23, 2010

LVMH Swoops In on Hermès

LVMH said it holds a 14.2 percent stake in family-controlled Hermès, and plans to be a "long-term shareholder."

By Miles Socha

mergers-acquisitions/news

PARIS — Luxury titan Bernard Arnault has a foot in the door at Hermès International. The question now is: Will it swing open further?

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LVMH Swoops In on Hermès

LVMH said it holds a 14.2 percent stake in family-controlled Hermès, and plans to be a "long-term shareholder."

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