×
60 042
Fashion Jobs
SALLY BEAUTY CORPORATE
Outside Sales Representative -Cosmoprof
Permanent · New York
GAP INC.
Asset Protection Coordinator - la West
Permanent · Los Angeles
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Clinton Crossing Premium Outlet
Permanent · Clinton
GILLY HICKS STORES
Gilly Hicks - Manager in Training, Natick
Permanent · Natick
AESOP
Full Time Retail Consultant | Aesop nw 23rd
Permanent · Portland
CORPORATE
Senior Legal Counsel
Permanent · Irving
NEIMAN MARCUS
sr. Restaurant General Manager, $1,000 Sign-on Bonus - Bal Harbour
Permanent · Bal Harbour
NEIMAN MARCUS
Group Sales Manager - Palo Alto
Permanent · Palo Alto
TALENT
District Manager, Madewell
Permanent · Atlanta
COTY
Commercial Finance Analyst, fp&a
Permanent · Miami
JCPENNEY CAREERS 2018
Merchandise Planner - Women's Apparel
Permanent · Plano
MARC JACOB'S
Sales Supervisor
Permanent · Los Angeles
MARC JACOB'S
Sales Supervisor
Permanent · Chandler
ESTEE LAUDER
Director, Global Marketing Skincare
Permanent · New York
NORDSTROM
Asset Protection Agent - Canyon Springs Rack (Riverside, ca)
Permanent · Riverside
PUMA
Junior Manager, Marketing - Ecomm (CRM/Sms)
Permanent · Somerville
CENTRIC BRANDS
Manager, Sales Operations
Permanent · New York
LULULEMON
Assistant Manager, Operations | Southport, Chicago
Permanent · Chicago
DISTRIBUTION CENTERS
Studio Coordinator
Permanent · Dallas
OLD NAVY
District Manager - Kansas City
Permanent · San Francisco
OLD NAVY
District Manager - Kansas City
Permanent · Kansas City
OLD NAVY
General Manager - Shoppes at Gilbert
Permanent · Gilbert
By
Reuters
Published
Mar 13, 2011
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hermes family shareholder open to partner LVMH

By
Reuters
Published
Mar 13, 2011

PARIS (Reuters) - Hermes (HRMS.PA) family shareholder Nicolas Puech is open to a partnership with luxury giant LVMH (LVMH.PA), which has built up a 20 percent stake in its smaller rival, as long as Hermes retains its freedom, he told a newspaper.

LVMH, Hermès
Hermès AW 2011/12 - Photo: Pixel Formula

However, he told Le Journal du Dimanche that a takeover of Hermes by LVMH was not currently an issue.

In contrast to his brother, Hermes Chairman Bertrand Puech, Nicolas Puech said he was not hostile to LVMH building up a stake, adding that anyone showing confidence in the company by investing in it deserved respect. Asked if he favoured a cooperation between LVMH and Hermes, he told the paper: "Only if it is advantageous to our house and it can retain its free will." Bertrand Puech and other family shareholders agreed earlier this year to defend Hermes against the threat of a potential LVMH takeover by allocating shares representing 50.2 percent of equity to create a controlling holding company.

"I told my family that locking up our shares in a holding company would have the major inconvenience of depriving the family shareholders of their individual power to control the management," Nicolas Puech said.

(Reporting by James Regan; Editing by Kevin Liffey)

© Thomson Reuters 2022 All rights reserved.