Hermès


Acquisition Rumors Erupt in Luxurygoods Sector

LVMH logo

Paris—European stock and retail analysts have been aflutter this week with speculation about LVMH possibly increasing its stake in … [Read more...]

Hermes Q1 Sales Jump on Increased Demand for Accessories

Hermes Birkin

Paris--Hermès International reported Wednesday that its first quarter sales jumped 25.5% on soaring demand for watches, scarves … [Read more...]

LVMH to Acquire Bulgari in $5.2 Billion Deal

LVMH to Acquire Bulgari

Paris—LVMH announced today that it took a 50.4% stake in Bulgari for 1.86 million euros (about $2.6 billion) giving the French … [Read more...]

Hermes Reports Surge in Annual Profits

Hermes Birkin

Paris--Hermes International reported today a surge in its full year earnings with profits rising 44% to 668.2 million euros (about … [Read more...]

Arnault: LVMH a “Pacifist” Shareholder in Hermes

LVMH and Hermes

Paris—Bernard Arnault, chairman of LVMH, struck a conciliatory tone late last week about his company’s stake in Hermès, which has … [Read more...]

Small Shareholders Appeal French Regulator’s Waiver in Hermes Plan

Hermes

Paris—In the latest twist in the legal saga of Hermès’ attempts to thwart a takeover by LVMH, a French small shareholder … [Read more...]

French Regulator Approves Hermes Anti-Takeover Plan

Hermes

Paris—Hermès’ majority shareholders—descendants of the luxurygoods brand’s founding family—won an important round in their battle … [Read more...]

French Regulator to Rule on Hermes Family Plan

LVMH

Paris—The French stock marker regulator said today that it plans to announce its decision on a plan by Hermes’ majority … [Read more...]

LVMH Increases Stake in Hermes Again

LVMH-Hermes

Paris—In a brief statement released today, LVMH Moët Hennessy Louis Vuitton (LVMH) announced that it has increased its stake in … [Read more...]

Hermes Family Defense to Form Holding Company

Hermes store

Paris— Hermès family majority shareholders said Sunday they plan to seek approval to form a holding company to thwart further … [Read more...]

Hermes Prepares to Battle LVMH

LVMH-Hermes

Paris--Hermès International SCA said it hired BNP Paribas SA and Bank of America Corp. as advisers to help fend off a possible … [Read more...]

Richemont Half Year Profit Jumps 88%

Richemont

Geneva—While Richemont reported Friday that profit from its luxury brands such as Cartier, Mont Blanc and Van Cleef & Arpels, … [Read more...]