Them is Fightin’ Words: Hermes Tells LVMH to Back Off
Execs at Hermes told French newspaper Le Figaro that they aren’t happy about LVMH’s sudden interest in the luxury group.
“The family has clearly and unanimously said: If you want to be friendly, Mister Arnault, you need to withdraw,” said Bertrand Puech, a fifth-generation descendant of founder Thierry Hermes.
LVMH denies that they’d like to acquire the company, of which they bought over $2 billion in shares last month. But it’s obvious that a hostile takeover isn’t completely out of the question.
