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Spotlight | France
Hermès's three shareholding families make last-ditch effort to IPO-proof the company

Pierre-Alexis Dumas, Axel Dumas and Henri-Louis Bauer.
Pierre-Alexis Dumas, Axel Dumas and Henri-Louis Bauer. © Studio Pachamama
The three shareholding families of leather goods manufacturer Hermès are eager to bring Nicolas Puech, the sole heir of Emile Hermès to have remained outside the group's family holding company, into the fold. The initiative is also a bid to close the only avenue allowing heirs to secretly sell their shares in the group. [...]
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France, Switzerland
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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