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But to Puech and other Hermès heirs, his objective was clear: Arnault, whose often-ruthless takeovers of storied heritage brands have earned him the moniker “wolf in cashmere,” was out to conquer. Discover the story of the battle between Hermès and LVMH, where the Hermès family fiercely defended their independence against the hostile takeover by the luxury giant. A . Facing so many marvels, it is hard to imagine that 10 years ago, the luxury industry's royal family almost lost everything, staggering from the blows of the industry, the .
Bernard Jean Étienne Arnault is a French businessman, investor and art collector. He is the founder, chairman and CEO of LVMH, the world's largest luxury goods company. Arnault is one of the richest individuals in the world, with an estimated net worth of US9.7 billion as of September 2024 , according to Forbes and US8 billion according to Bloomberg Billionaires Index. Hermès’s market cap is currently €228 billion, while LVMH’s is €331 billion. But analysts expect the Birkin bag maker to leapfrog Bernard Arnault’s luxury conglomerate by 2027. Just weeks after Arnault’s phone call, about 50 Hermès descendants got together and unanimously agreed on the creation of an even tighter ring-fence. Bernard Arnault, LVMH ’s boss, with a knack for closing in on companies he admires, had only to pick off a few Hermès heirs ready to cash out. Bankers assumed the “wolf in cashmere” would take.
On Tuesday, the Arnault family finally walked away, announcing that they were swapping out of their last Hermès shares as part of a wider corporate restructuring.
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On a chilly October day in Paris in 2010, Bertrand Puech got an unexpected call on his cellphone from Bernard Arnault, the founder of luxury giant LVMH Moët Hennessy Louis . What went on afterwards was endless legal fight until recently, French financial services watchdog revealed how LVMH chairman Bernard Arnault built considerable amount . But to Puech and other Hermès heirs, his objective was clear: Arnault, whose often-ruthless takeovers of storied heritage brands have earned him the moniker “wolf in cashmere,” was out to conquer. Discover the story of the battle between Hermès and LVMH, where the Hermès family fiercely defended their independence against the hostile takeover by the luxury giant. A fight for control, cultural heritage, and the values of craftsmanship.
Facing so many marvels, it is hard to imagine that 10 years ago, the luxury industry's royal family almost lost everything, staggering from the blows of the industry, the boss of LVMH himself:.
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Bernard Jean Étienne Arnault (French: [bɛʁnaʁ ʒɑ̃ etjɛn aʁno]; born 5 March 1949) is a French businessman, investor and art collector. [2][3] He is the founder, chairman and CEO of LVMH, the world's largest luxury goods company. Hermès’s market cap is currently €228 billion, while LVMH’s is €331 billion. But analysts expect the Birkin bag maker to leapfrog Bernard Arnault’s luxury conglomerate by 2027.
Just weeks after Arnault’s phone call, about 50 Hermès descendants got together and unanimously agreed on the creation of an even tighter ring-fence.
Bernard Arnault, LVMH ’s boss, with a knack for closing in on companies he admires, had only to pick off a few Hermès heirs ready to cash out. Bankers assumed the “wolf in cashmere” would take. On Tuesday, the Arnault family finally walked away, announcing that they were swapping out of their last Hermès shares as part of a wider corporate restructuring.
On a chilly October day in Paris in 2010, Bertrand Puech got an unexpected call on his cellphone from Bernard Arnault, the founder of luxury giant LVMH Moët Hennessy Louis Vuitton SE and one of the world’s richest men. What went on afterwards was endless legal fight until recently, French financial services watchdog revealed how LVMH chairman Bernard Arnault built considerable amount of stakes in Hermès - through Nicolas Puech. But to Puech and other Hermès heirs, his objective was clear: Arnault, whose often-ruthless takeovers of storied heritage brands have earned him the moniker “wolf in cashmere,” was out to conquer.
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Discover the story of the battle between Hermès and LVMH, where the Hermès family fiercely defended their independence against the hostile takeover by the luxury giant. A fight for control, cultural heritage, and the values of craftsmanship. Facing so many marvels, it is hard to imagine that 10 years ago, the luxury industry's royal family almost lost everything, staggering from the blows of the industry, the boss of LVMH himself:.
Bernard Jean Étienne Arnault (French: [bɛʁnaʁ ʒɑ̃ etjɛn aʁno]; born 5 March 1949) is a French businessman, investor and art collector. [2][3] He is the founder, chairman and CEO of LVMH, the world's largest luxury goods company. Hermès’s market cap is currently €228 billion, while LVMH’s is €331 billion. But analysts expect the Birkin bag maker to leapfrog Bernard Arnault’s luxury conglomerate by 2027. Just weeks after Arnault’s phone call, about 50 Hermès descendants got together and unanimously agreed on the creation of an even tighter ring-fence.
Bernard Arnault, LVMH ’s boss, with a knack for closing in on companies he admires, had only to pick off a few Hermès heirs ready to cash out. Bankers assumed the “wolf in cashmere” would take. On Tuesday, the Arnault family finally walked away, announcing that they were swapping out of their last Hermès shares as part of a wider corporate restructuring. On a chilly October day in Paris in 2010, Bertrand Puech got an unexpected call on his cellphone from Bernard Arnault, the founder of luxury giant LVMH Moët Hennessy Louis Vuitton SE and one of the world’s richest men.
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