LOS ANGELES — François Pinault has prevailed in the long-running legal battle between Artemis SA and California’s insurance commissioner, at least for now.
After an eight-day federal jury trial in the U.S. District Court, Central District of California here, jurors on Oct. 29 rejected the claim in which the California insurance commissioner was seeking $4.33 billion in profits and interest stemming from the sale of a California life insurance company and junk-bond portfolio to French investors in 1991.
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)