Hermes Family Welcome LVMH Collaboration

A Hermes worldwide (RMS) SCA family people member is not necessarily opposed to some collaboration with LVMH Moet Hennessy Louis Vuitton SA (MC), which has produced a stake all through the company, Le diary du Dimanche reported, citing Nicolas Puech, who also could be considered a shareholder in Hermes.

Puech can be in favor of the collaboration with LVMH “if it have been toward advantage” of Hermes and once the maker of Birkin and Kelly bags could “retain its zero cost will,” Nicolas Puech was cited as telling the French weekly newspaper in an interview.

Nicolas Puech will most possible be the sibling of Bertrand Puech, chairman of Emile Hermes SARL, which represents the Hermes family people shareholders, in accordance with JDD. Puech informed the newspaper he owns “a tad much under 6 percent” within of the Paris-based luxury-goods maker, in accordance with JDD.

LVMH, the world’s ideal maker of luxury goods, has produced a 20.2 % stake in Hermes contemplating that October. This has spurred the Hermes founding family people to produce a holding business to make an effort to defend alone toward additional buys by LVMH Chief Executive Officer Bernard Arnault. Hermes stated March 4 it wasn’t enthusiastic about collaborating with LVMH.