Hermès Is Suspicious of LVMH’s Advances - NYTimes.com: "In the world of luxury brands, Hermès International has cultivated an image of purity by remaining true to its roots, shunning the mass production and outsourcing that many rivals have adopted to improve profitability.
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Bernard Arnault, the head of LVMH Moët Hennessy Louis Vuitton, recently acquired a 17.1 percent stake of Hermès. Lately, however, it has been attracting attention less for its expensive silk scarves and artisan handbags and more for the unwelcome approach of Bernard Arnault, the head of LVMH Moët Hennessy Louis Vuitton, the luxury goods giant.
As he has often done, Mr. Arnault, one of the world’s wealthiest men, came in quietly, surprising the family-controlled Hermès last month with the news that he had acquired a 17.1 percent stake."
Enlarge This Image
Bernard Arnault, the head of LVMH Moët Hennessy Louis Vuitton, recently acquired a 17.1 percent stake of Hermès. Lately, however, it has been attracting attention less for its expensive silk scarves and artisan handbags and more for the unwelcome approach of Bernard Arnault, the head of LVMH Moët Hennessy Louis Vuitton, the luxury goods giant.
As he has often done, Mr. Arnault, one of the world’s wealthiest men, came in quietly, surprising the family-controlled Hermès last month with the news that he had acquired a 17.1 percent stake."
