Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Hermès Family Defied LVMH's Takeover Bid
In 2010, Bernard Arnault's LVMH secretly accumulated a 23% stake in Hermès, threatening the family's centuries-old control. This episode uncovers how the Hermès family fought back by pooling 50% of shares into a holding company, H51, that legally prevented any sale to outsiders. We trace the legal battle, the family pact that required unanimous consent for sell-offs, and the lessons for multi-generational businesses facing hostile takeovers. A rare case where family governance beat a corporate raider.
#Hermes #LVMH #FamilyBusiness #Succession #LuxuryGoods #CorporateGovernance…
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