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Hermès heirs at odds
Hermès retains the battle scars from the aborted LVMH raid of the early 2010s. © Studio Pachamama

Running story
Hermès heirs at odds

The target of an aborted raid by LVMH in the early 2010s, Hermès still bears the battle scars of that operation. Wealth manager Éric Freymond, who played an instrumental role in the luxury giant's takeover bid, still holds shares in the leather goods brand and remains close to several of founder Émile Hermès's heirs. The three branches of the shareholding family are seeking to isolate him.

Hermès heirs at odds
Hermès retains the battle scars from the aborted LVMH raid of the early 2010s. © Studio Pachamama

Spotlight | France, Switzerland
The secret story of the 6 million Hermès shares that vanished into thin air

Glitz.paris has reconstructed the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a labyrinth of offshore accounts and Panama shell companies. The shares passed through the hands of Swiss asset managers, then LVMH finance directors, and are now beyond the reach of their owner, who is calling it the "heist of the century".

This week, Glitz.paris reveals the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a financial labyrinth.
LogoSubscribers only Families 21.11.2024
This week, Glitz.paris reveals the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a financial labyrinth.

Switzerland
Hermès heir's ex-wealth manager can't kick Panama habit

Nicolas Puech's former wealth manager Éric Freymond, accused by the Hermès heir of mismanagement, set up over a hundred foundations and companies in Panama through a structure administered by his daughter.

LogoSubscribers only Families 31.10.2024

Switzerland
Hermès heir's foundation adds legal eagle to board amid fight with founder

The Isocrates Foundation has been in limbo for two years, embroiled in a dispute with its founder, Hermès heir Nicolas Puech. Potentially stripped of Puech's 5.7% stake in the leather goods company, the organisation has just named a Swiss legal heavyweight to its board of directors.

LogoSubscribers only Families 26.09.2024

Spotlight | France, Switzerland
Behind-the-scenes battle for 5.7% Hermès stake to become public feud

Wealth manager Éric Freymond is preparing to go public over his legal dispute with Hermès heir Nicolas Puech, who claims to have been defrauded by his decades-long financial adviser. The tactic is tried-and-tested for Freymond, who has previously used it to secure a settlement from publicity-shy opponents.

Still in conflict with Hermès heir Nicolas Puech, wealth manager Éric Freymond is preparing to take the battle to the media.
LogoSubscribers only Families 05.09.2024
Still in conflict with Hermès heir Nicolas Puech, wealth manager Éric Freymond is preparing to take the battle to the media.

France, Switzerland
In search of Nicolas Puech's missing Hermès shares

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".

LogoSubscribers only Families 29.08.2024

Switzerland
Nicolas Puech's former wealth manager targeted by lawsuit

Éric Freymond, the long-time financial adviser to one of Émile Hermès's main heirs, stands accused of using another magnate's fortune for his own ends.

LogoSubscribers only Families 25.07.2024

Spotlight | France, Switzerland
Hermès heir Nicolas Puech front and centre in Gstaad inheritance dispute

Already in the spotlight for unexpectedly rewriting his will, Hermès heir Nicolas Puech now finds himself embroiled in a heated inheritance dispute involving his former wealth manager, Éric Freymond, and a once-prominent Gstaad high society figure who died in 2021.

Éric Freymond and Nicolas Puech.
LogoSubscribers only Families 07.03.2024
Éric Freymond and Nicolas Puech.

France
Hermès heir Nicolas Puech distances himself from long-time wealth manager

Wealth manager Éric Freymond, Nicolas Puech's loyal financial adviser, has left the board of the Hermès heir's foundation, where he had held a seat for 10 years.

LogoSubscribers only Families 26.10.2023

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

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.

Pierre-Alexis Dumas, Axel Dumas and Henri-Louis Bauer.
LogoSubscribers only Families 01.06.2023
Pierre-Alexis Dumas, Axel Dumas and Henri-Louis Bauer.

Spotlight | France
Arnault, Freymond and the spoils of the Hermès raid (3/3): payment notice

After initiating legal proceedings against Bernard Arnault and LVMH in the hope of reaping 10% of the capital gains the luxury group made in its failed takeover of Hermès, Swiss wealth manager Eric Freymond mysteriously withdrew his complaint in the summer of 2019.

After filing an explosive complaint against Bernard Arnault and LVMH in 2018, wealth manager Eric Freymond withdrew it the following summer.
LogoSubscribers only Families 30.03.2023
After filing an explosive complaint against Bernard Arnault and LVMH in 2018, wealth manager Eric Freymond withdrew it the following summer.

France
Arnault, Freymond and the spoils of the Hermès raid (2/3): explosive tell-all

To force LVMH to reward him for his role in the Hermès raid, Swiss wealth manager Eric Freymond revealed the details of the luxury giant's attempted takeover in a court filing. The tell-all complaint was incendiary for Bernard Arnault's group, which had already been fined by the financial regulator for non-disclosure related to the operation.

Bernard Arnault's group received a startling summons initiated by Eric Freymond.
LogoSubscribers only Families 27.03.2023
Bernard Arnault's group received a startling summons initiated by Eric Freymond.

Spotlight | France
Arnault, Freymond and the spoils of the Hermès raid (1/3): secret wars

It is the most secretive of the luxury sector's great battles: after LVMH's failed takeover of Hermès in 2010, its instigators fought long and hard over the ensuing capital gains. Glitz.paris investigates the €3.8bn dispute between LVMH chief Bernard Arnault and Swiss wealth manager Eric Freymond.

Eric Freymond drafted a complaint to sue LVMH and Bernard Arnault for €380 million.
LogoSubscribers only Families 23.03.2023
Eric Freymond drafted a complaint to sue LVMH and Bernard Arnault for €380 million.

Spotlight | France, Switzerland
Thirteen years on, French justice eyes key player in failed LVMH takeover of Hermès

The central role played by Swiss wealth manager Eric Freymond in LVMH's planned takeover of Hermès in 2010 has led to him being the subject of a judicial investigation in France that has been kept under wraps, until now.

Swiss asset manager Eric Freymond is the target of legal proceedings in France in connection with the planned takeover of Hermès by LVMH in 2010.
LogoSubscribers only Families 16.03.2023
Swiss asset manager Eric Freymond is the target of legal proceedings in France in connection with the planned takeover of Hermès by LVMH in 2010.

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Hermès retains the battle scars from the aborted LVMH raid of the early 2010s.

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Hermès heirs at odds

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