Who Owns Hermes Designer?
Hermes is a luxury fashion brand that has been around since the 19th century. The brand is synonymous with luxury and quality, and its products are highly sought after by fashion enthusiasts all over the world. However, many people may not know who owns Hermes designer.
The History of Hermes
Hermes was founded in 1837 by Thierry Hermes, a Frenchman who started out making horse harnesses and bridles. Over time, the company expanded into other leather goods such as bags and wallets. Today, Hermes is known for its high-end clothing, accessories, perfumes, and jewelry.
The Ownership of Hermes
As of 2021, the majority shareholder of Hermes is the Dumas family. The Dumas family has been involved with the company for generations – Jean-Louis Dumas was the former CEO of Hermes from 1978-2006. Axel Dumas is currently the CEO of the company.
In addition to the Dumas family’s ownership stake, LVMH Moet Hennessy Louis Vuitton SE owns a minority stake in Hermes. LVMH is a French multinational conglomerate that specializes in luxury goods such as clothing, jewelry, and perfume. The acquisition of this stake was controversial when it happened in 2010 because it was seen as an attempt by LVMH to take over Hermes.
The Controversy Surrounding LVMH’s Ownership Stake
When LVMH acquired its stake in Hermes in 2010, it caused quite a stir in the fashion industry. Many people accused LVMH of trying to take over Hermes without paying a fair price for its shares.
In response to these accusations, LVMH denied any wrongdoing and stated that it had acquired the shares in Hermes as a long-term investment. However, the controversy surrounding the acquisition has continued to this day, with some people still questioning the motives behind LVMH’s purchase.
The Future of Hermes
Despite the controversy surrounding its ownership, Hermes remains one of the most highly regarded luxury brands in the world. The company continues to innovate and expand its product lines while maintaining its commitment to quality.
As for its ownership, it seems likely that the Dumas family will continue to hold a majority stake in Hermes for years to come. While LVMH’s minority stake may still cause some controversy, it is unlikely to have a significant impact on Hermes’ operations or reputation.
Conclusion
In conclusion, while there has been controversy surrounding LVMH’s ownership stake in Hermes designer, the Dumas family remains the majority shareholder of this iconic luxury brand. Regardless of who owns it, Hermes will continue to be synonymous with luxury and quality for many years to come.