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Hermès Created Europe’s Biggest Family Fortune After Spurning LVMH
The crown jewel of the $390 billion luxury goods industry, Hermès is thriving thanks to its penchant for doing things its own way.
08 Dec 2023, 10:50 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![Axel Dumas, center right, Vogue’s Edward Enninful, left, and Anna Wintour, second left, with Issa Rae at the Hermès Spring-Summer 2024 show in Paris on Sept. 30. Photographer: Dave Benett/Getty Images for Hermès](https://media.assettype.com/bloombergquint%2F2023-12%2Fe9e24f47-7b16-4227-8ff1-bd514f809653%2F_1x_1.jpg?auto=format%2Ccompress&w=200)
Axel Dumas, center right, Vogue’s Edward Enninful, left, and Anna Wintour, second left, with Issa Rae at the Hermès Spring-Summer 2024 show in Paris on Sept. 30. Photographer: Dave Benett/Getty Images for Hermès
(Bloomberg) -- On a chilly October day in Paris in 2010, Bertrand Puech got an unexpected call on his cellphone from Bernard Arnault, the founder of luxury giant LVMH Moët Hennessy Louis Vuitton SE and one of the world’s richest men. Arnault told Puech, the family patriarch at rival Hermès, that his company had amassed shares in the maker of the iconic Kelly and Birkin bags. The investment was friendly and aimed at offering Hermès ...
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