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.
The filings, which were submitted Nov. 23, show that several Hermès family members and the companies they own earlier this month sold, bought and transferred shares among themselves.
They were artistic director Pierre-Alexis Dumas; his sister Sandrine Brekke; Philippe Dumas, the brother of the late Jean-Louis Dumas; and Agnès Harth, member of the supervisory board at Hermès and sister of Bertrand Puech — the executive chairman of Emile Hermès Sarl, which represents the family shareholders.
Mireille Maury, managing director of finance and administration at Hermès, told WWD earlier this month that the creation of the holding company would be completed before the end of the year.