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LVMH Buys More Shares Of Hermes
So much for not letting them gain anymore equity.
LVMH announced on Tuesday they now own 20% of the Hermes International's shares.
However, the family-owned company's doing everything they can to keep Bernard Arnault's grubby little paws off even more shares.
After LVMH acquired 17% of the shares in October, Hermes set up a private holding company that will own more than half of the company shares.
[Image via AP Images.]
Tags: acquired, bernard arnault, hermes, private holding company, shares
We See London, We See France…
Vintage Karl Lagerfeld!
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