Hermes is a French luxury brand that is renowned for its high-quality leather goods, ready-to-wear clothing, accessories, and perfumes. The company was founded in 1837 by Thierry Hermes in Paris, France. It has since then established itself as one of the most prestigious and iconic brands in the fashion world.
When it comes to the ownership of Hermes, there have been several changes over the years. In 1993, the company went public and became listed on the Paris Stock Exchange. However, the descendants of Thierry Hermes still hold a significant stake in the business.
In 2010, there was a significant change in ownership when French luxury group LVMH (Louis Vuitton Moet Hennessy) acquired a 17% stake in Hermes. This move was met with resistance from the Hermes family who accused LVMH of attempting to take control of their company. The dispute eventually led to legal action which resulted in LVMH being forced to sell its stake back to Hermes at a considerable profit.
Currently, Hermes is primarily owned by members of the founding family who hold around 70% of shares. The remaining shares are held by institutional investors and individual shareholders.
Despite changes in ownership over time, Hermes has maintained its reputation for producing some of the finest luxury goods available today. The brand’s commitment to quality craftsmanship and attention to detail has made it an enduring symbol of luxury and sophistication.
In conclusion, while there have been changes in ownership throughout its history, Hermes remains a French-owned luxury brand that continues to be synonymous with elegance and style. Whether you’re looking for a timeless handbag or classic scarf, investing in an item from this iconic fashion house is always a wise choice.
10 Related Question Answers Found
If you’re a fashion enthusiast, you’ve probably heard of the luxury brand Hermes. It’s famous for its high-end handbags, scarves, and other accessories that exude elegance and sophistication. But do you know which company owns Hermes?
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Are you curious about who owns Hermes, the French luxury brand known for its iconic Birkin bags and silk scarves? In this article, we’ll explore the stock ownership of Hermes and provide you with some interesting insights. Background on Hermes
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