PARIS — The Hermès family has appointed Julie Guerrand president of a newly created nonlisted holding company owning more than 50 percent of Hermès International’s share capital, it said Wednesday.
Guerrand belongs to the sixth generation of heirs to Thierry Hermès, who founded the company in 1837. Earlier this year, she took over as director of corporate development in charge of investments and coordination missions at the firm, reporting to Mireille Maury, managing director of finance and administration.
Hermès said it completed the creation of the holding company, dubbed H51, on Dec. 12 and 13. The previously announced move by the luxury house is designed to protect it from a potential takeover bid by its unwanted suitor, LVMH Moët Hennessy Louis Vuitton, which now owns 21.4 percent of the Hermès capital.
“The creation of this structure confirms the family’s unity in its commitment to defending the independence of Hermès, to preserve its values and its culture,” Hermès stated.
The holding firm held its first meeting Tuesday. Its board is made up of Bertrand Puech, the executive chairman of Emile Hermès Sarl, which represents the family shareholders; Axel Dumas, managing director of the saddle and leather métier; Laurent Mommeja, the former head of the U.S. subsidiary of Hermès; Eric de Seynes, chief executive officer of Yamaha Motor France, and Hermès International supervisory board member Charles-Eric Bauer, a spokeswoman for Hermès said.
Hermès said it would not be launching an offer for outstanding shares as part of the operation, having won an exemption from stock market authority AMF, which was upheld by a French Court of Appeal ruling on Sept. 15, after minority shareholders had objected to the AMF decision.
Members of the Hermès family have granted the holding group priority rights to purchase an additional 12.3 percent of the capital of Hermès International, it added.
@zacposen's go-to holiday gift? Cookies! "I'll usually bake cookies and send them as a gift," said the designer, who recently released his cookbook "Cooking With Zac: Recipes from Rustic to Refined." Get the recipe for his Brown Butter-Chocolate Chip Cookies via link in bio 🍪🍪🍪 #wwdeye #cookingwithzac
For @monsemaison’s pre-fall 2018 collection, Fernando Garcia and Laura Kim honed in on the brand’s many signatures — men’s wear, which was tweaked and feminized through deconstruction, proportion play and lots of bare shoulders. See the rest of the photos on WWD.com #wwdfashion (📷: George Chinese)
On Friday night, @yohjiyamamotoofficial received the Design for Asia Lifetime Achievement Award in Hong Kong. The 75-year-old designer has been celebrated for many years and is best known for his dark and avant-garde tailoring. “In my long career, in design, architecture, [I’ve been to] so many parties, this is the very first time that I have such a warm feeling, I really appreciate this,” Yamamoto said. #wwdfashion (📷: @dominiquemaitre)
Discovery is collaborating with British pop artist @philipcolbert on a new line of clothing and accessories called Discovery Shark. The collection, which will launch next summer for Shark Week’s 30th anniversary, features a whimsical line of women’s and men’s bomber jackets, sweatshirts, bags and more. #wwdfashion
“I’m always a big champion of a female rapper, and I’m glad to see a new voice that feels unique and authentic that’s coming up, and I think we’re going to see more great things from her,” said @itsjeremyscott about @iamcardib, who performed at @moschino’s Art Basel Miami Beach party last night. #wwdeye (📷: @lexieblacklock)
@janellemonae’s “What’s Your Frequency?” room in @refinery29's #29Rooms made its debut this week at the opening of the Los Angeles art exhibit. “It’s about the ongoing conversation around mass surveillance, the weaponization of technology and cultural uniformity. My space was created so that we can come together and talk about the complexities of our humanity,” said Monáe. #wwdeye (📷: @bucknerphoto)
@pantone announced their Color of the Year 2018: Ultra Violet. Nearly 20 months after the musician Prince’s death, fashion is having a purple moment. Varying shades of purple appeared on spring or fall runways, from @christopherkane to @calvinklein. @gucci’s Alessandro Michele bathed his fall runway in ultra violet-colored light at one point. Pantone 18-3838 is meant to “push the boundaries of what inspires us to look upward and outward to the future.” #wwdnews #wwdfashion (📷: @kukukuba)