Spotlight | France
Lanvin's secret deal with the families that control Hermès

The Hermès and Lanvin boutiques at 24 and 22 Rue du Faubourg Saint-Honoré, in Paris.
The Hermès and Lanvin boutiques at 24 and 22 Rue du Faubourg Saint-Honoré, in Paris. © Studio Pachamama
After Lanvin Group's listing on the New York Stock Exchange (NYSE) in December, its new shareholders are poring over the company's affairs, including a confidential agreement reached last year between the fashion house and the three families that control Hermès. [...]
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The great Hermès mystery: where are Nicolas Puech's phantom shares housed?

Twelve years after the aborted LVMH raid on Hermès, and three years after the expiry of the non-aggression pact negotiated between the luxury giant and the Faubourg St Honoré based leather goods manufacturer, the status of the shares of one of the few members of the three shareholding families to have joined forces with LVMH, Nicolas Puech, remains shrouded in mystery.

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