PARIS — Hermès International continues to strengthen its barricades against a potential creeping takeover by LVMH Moët Hennessy Louis Vuitton.
At its annual shareholders’ general meeting on May 29, the French luxury house will propose naming Nicolas Puech, the single largest family shareholder, as the 11th member of the supervisory board. It will also submit a change in statutes requiring holders of more than 0.5 percent of shares to register them to their name. The measures were detailed in the company’s 2011 annual report.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)