“LVMH directors are rational and lucid people,” said Pierre Godé, vice-chairman of LVMH, at rival Hermes’ annual meeting on Monday. Really? Why, we thought the most powerful luxury company in the world was run by a bunch of Bellevue transplants!
Anyway, this little nugget is just the latest from the conglomerate, which obviously wants to buy Hermes at some point or another. (Although it seems like they’d like to do it peacefully, and from what we gather, a few years from now.) The whole thing is just getting kind of hilarious. LVMH has bought up just about as much stock as they can, and Hermes is shaking in its saddle. The next move is bound to be an extreme one. But from which side it will come? Who knows.