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French Regulator Approves Hermes Anti-Takeover Plan

In Industry News, What's New by Accessories StaffLeave a Comment

Paris—Hermès’ majority shareholders—descendants of the luxurygoods brand’s founding family—won an important round in their battle to keep LVMH Moet Hennessy Louis Vuitton from taking control of the company. On Thursday, Autorite des Marches Financiers (AMF), the French stock market regulator, ruled in favor of the family shareholders who shareholders decided …