Shortly before the legal battle erupted between Hermès heir Nicolas Puech and his wealth manager Éric Freymond over missing shares representing 5.7% of the luxury group's capital, Freymond claimed in another case that he himself was a major Hermès shareholder "through his clients". [...]
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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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