Hermes family create holding firm

13 December 2010

The Hermes family announced on December 5 that they will create a family holding firm with more than 50% of Hermes International's capital but said the move would have no effect on their stake in the French luxury company, which is most famous for high-end leather goods and clothing.

The Hermes family's commitment to create this majority holding is confirmed and the new company is to benefit from preferred rights on the remaining stock owned directly by the French family.

It added that the operation would have no effect on the family's stake in Hermes International.

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.