PARIS — Buying all remaining shares of Hermès International on the free float — and those of family members opting not to pool theirs into a protective holding — would cost LVMH Moët Hennessy Louis Vuitton an estimated 3.8 billion euros, or $4.95 billion at current exchange.
While financially possible for the luxury giant, given its strong cash flow and low gearing, this “aggressive approach” could be fraught with complications.
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)