“‘The family has clearly and unanimously said: If you want to be friendly, Mister Arnault, you need to withdraw,’ Mr Puech, a fifth-generation descendant of founder Thierry Hermès, was quoted as saying in the [Le Figaro] newspaper.”
“Though LVMH quickly denied it would try to take control of the 173-year-old Hermès, the stage is clearly set. It may be a long drama: Three-quarters of the company is still in the hands of 200 Hermès family members. Winning them over could take decades.” Bernard Arnault - Forbes.
