Hermes Family-Owned Equipment

News about a clan feud Hermes with a giant conglomerate LVMH indeed subside, but it does not mean the problem is between them is over.

In fact, recently announced that Hermes party's top fashion houses will remain under family control. Furthermore, they were "forced" LVMH to sell back their shares over to the Hermes family.

On the other hand, after the general meeting of shareholders, LVMH said it would retain its position as the owner's authorized shares from Hermes fashion house, and will not act as a passive shareholder. The family still insisted that LVMH get 20 percent stake in Hermes, not through official channels.

Represented Bertrand Puech, Emile Hermes SARL as lead manager, principal shareholder company Hermes, the family accused LVMH tried to acquire under the hand of Hermes by buying shares in small increments. Hermes shows a fairly stable performance is hampered by the pace despite the recession.

Hermes sales in 2010 increased by 25 percent to $ 3, 4 billion, in line with the recovery of the purchasing power of luxury products in the Americas and Asia increased consumer interest towards the brand exclusive.