PARIS — Hermès has filed a request with France’s market regulator AMF to be exempted from the obligation to launch an initial public offering for the company after grouping more than 50 percent of its capital into a nonlisted holding company, an Hermès spokeswoman said Tuesday.
The company made the move after a family meeting last Friday to discuss how to fend off a potential takeover by LVMH Moët Hennessy Louis Vuitton, which in October surprised the market by revealing it had built a 17.1 percent stake in the maker of Birkin bags and silk scarves.
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)