LVMH buys 17 per cent stake in Hermes International
October 25, 2010 - LVMH, the world’s largest luxury goods conglomerate and father to brands such as Louis Vuitton, Fendi, Hublot, Donna Karan and the likes, has now acquired a 17 per cent stake in Hermes International. Importantly enough, the Hermes family controls almost 75 per cent of Hermes International and proudly reaffirms their commitment to upholding the culture and spirit of the brand.
Since 1993, Hermes International is enlisted on the Paris Stock Exchange to allow investors, who want to become minority shareholders, to do so. Their long term control of the Hermes family on Hermes International is guaranteed by its financial status as limited partnership by shares and the family shareholders have confirmed that they are not contemplating any significant selling of shares. Now that’s what we call keeping family first in style! LVMH just seems to be growing and growing and very stylishly at that, may we add.