Could Hermes possibly join the LVMH family in the future???
If it’s up to the Paris-based fashion house, NO.
The luxury group recently acquired 17% of Hermes and even though they’ve denied plans of taking over the family-owned label their actions say otherwise.
Many believe the small investment into the competitor was their way of blocking other luxury groups with the same idea.
Inneresting.
If and when LVMH makes their next move, they’re going to have one heck of a battle getting the last 73% of stock from Hermes family members.
Guess we’ll just have to wait and see what happens.
[Image via AP Images.]