Skip Nav
Summer
How to Live Out the Rest of the Summer in Your Favorite Wardrobe Staples
Gigi Hadid
Gigi Hadid's Favorite NYC Accessory Is Yours Too
Jennifer Aniston
Jennifer Aniston's Dress Looks Like It's Covered in Polka Dots — Until You Zoom In

LVMH Ups Hermes Stake to 20 Percent

>> Bernard Arnault is not looking to allay Hermes after his surprise October acquisition of a 17.1 percent stake in the brand. Despite stating that he has no intention of taking Hermes over, Arnault announced yesterday that LVMH now owns 20.2 percent of Hermes shares — assuredly to the Hermes family's dismay, although a Hermes spokesman declined comment.

As the Hermes family collectively owns 70 percent of the brand, there is now less than 10 percent of shares left for Arnault to freely buy. If Arnault wants to continue increasing his stake, it will likely take years to erode family unity and therefore clear the way for a takeover.

Around The Web
Join The Conversation
Most Expensive Birkin Bag
How to Buy an Hermes Birkin Bag
Olivia Palermo's Fall Outfits
Best Street Style Shoes and Bags Fashion Week Spring 2016
Feminine Bow Ties Are Now a Thing, Thanks to Hermès
Kylie Jenner's 18th Birthday Pictures
Handbags Named After Celebrities

POPSUGAR, the #1 independent media and technology company for women. Where more than 75 million women go for original, inspirational content that feeds their passions and interests.

From Our Partners
Latest Fashion
X