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LVMH likes a bit of Hermes

October 27, 2010 LVMH likes a bit of Hermes

Luxury powerhouse LVMH, who own the likes of Louis Vuitton, Céline and Givenchy, recently bought some shares in Hermès. While its stake is only about 17% at the moment, this seems to confirm the long running rumours that Bernard Arnault would like to add one of France’s most prestigious and profitable luxury brands to its portfolio. We’ll have to wait to see how the story plays out…

In other Hermès related news, they are going to open some pop-up shops in London and one of them is going to be at the Rochelle School of Art in Arnold Circus just around the corner from us. So if you’re in Shoreditch between November 17th-25th put it on your list of places to visit.

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