PARIS — Bernard Arnault keeps gobbling up shares in Hermès International.
In a disclosure that is likely to stoke hostilities between the two camps, Arnault’s LVMH Moët Hennessy Louis Vuitton said Tuesday it had crossed the threshold of owning 20 percent of the shares in Hermès, the maker of Birkin handbags 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)