Federated Department Stores, Inc. was a retail holding company based in Cincinnati, Ohio. The company operated department stores under the names of Macy’s and Bloomingdale’s. Hermes, on the other hand, is a French high fashion luxury goods manufacturer that specializes in leather, lifestyle accessories, perfumery, luxury goods, and ready-to-wear.
The acquisition of Hermes by Federated Department Stores has been a subject of interest among many retail enthusiasts. However, it is important to note that Federated never bought Hermes.
In fact, Hermes has always remained an independent company with family members still holding significant stakes in the business. The confusion regarding this matter may have arisen due to the similarity between two other companies – Federated Investors and Federated Kaufmann Funds – which are both investment management firms and have no relation to the department store holding company.
It is not uncommon for people to mix up similarly named companies or even assume that one company owns another without proper research. Therefore, it is essential to double-check information before jumping to conclusions.
In conclusion, Federated Department Stores did not buy Hermes as it has always remained an independent entity. It’s crucial to take extra care when researching information about companies and their acquisitions to avoid spreading misinformation.
Remember: always verify your sources before sharing information with others!