LVMH and Hermès mend relations. After nearly four years of courtroom battles, two of the world’s biggest luxury houses signed a peace accord. The President of the Commercial Court of Paris proposed to LVMH and Hermès a conciliation in order to bring to an end the disputes between the two luxury groups and restore a … Read more
Fighting with LVMH’s attempts to amass a stake in Hermès, the French luxury fashion house appointed Axel Dumas (42 years old), a member of its founding family, as Co-Chief Executive Officer of Hermès International. Since Axel Dumas‘ arrival at Hermès in 2003 he has held a number of key positions, including Managing Director of jewellery … Read more
Hermes family acquired a 45% stake in luxury Parisian jeweller and medals manufacturer Arthus Bertrand. The company is run by the family for six generations and lives a “revolution” giving for the first time the company reins to a CEO from outside. Actually, Arthus-Bertrand opened its capital to “Guerrand – Hermes“, one of the three … Read more