PARIS — Luxury titan Bernard Arnault has a foot in the door at Hermès International. The question now is: Will it swing open further?
In a surprising revelation that could ignite a battle for one of luxury’s most hallowed names, LVMH Moët Hennessy Louis Vuitton said Saturday it holds a 14.2 percent stake in family-controlled Hermès, and plans to be a “long-term shareholder.”
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)