When it comes to luxury fashion, Hermes is a name that needs no introduction. Known for its iconic Birkin and Kelly bags, silk scarves, and high-end accessories, the French luxury brand has been the epitome of elegance and sophistication since its inception in 1837.
Over the years, Hermes has built a loyal customer base consisting of celebrities, socialites, and fashion enthusiasts who swear by the brand’s quality craftsmanship and timeless designs. However, over the past few years, there have been rumors about a potential buyout of Hermes by a conglomerate or a rival brand.
So, who bought Hermes? The answer is no one!
Despite rumors and speculations in the industry, Hermes remains an independent family-owned business to this day. The company is currently run by sixth-generation descendants of its founder Thierry Hermès.
The rumor mill began churning in 2010 when LVMH (Louis Vuitton Moet Hennessy) announced that it had acquired a 17% stake in Hermes. This move sparked outrage among Hermes family members who accused LVMH of attempting to take over their company without their consent. The ensuing legal battle lasted for years and ended with LVMH selling its stake back to Hermes in 2014.
Since then, there have been occasional rumors about other companies showing interest in acquiring Hermes. However, none of these rumors have materialized into anything concrete. The Hermès family remains committed to keeping their brand independent and ensuring that they maintain control over every aspect of their business.
In conclusion, despite various rumors and speculations over the years about potential buyers for Hermes, there has been no acquisition of this iconic French luxury brand. It continues to be an independent family-owned business with a long-standing legacy of quality craftsmanship and timeless designs that have made it one of the most coveted brands in the world today.