PARIS — The Hermès family is forging ahead with the creation of a nonlisted holding company grouping more than 50 percent of Hermès International’s share capital, according to filings made with France’s stock market regulator AMF.
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.
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)