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How the Hermes Board Fought Off the LVMH Hostile Bid
In 2010, Bernard Arnault's LVMH quietly accumulated a 22.6 percent stake in Hermes, threatening the family-controlled luxury house. This episode unpacks how the Hermes board — led by the Dumas and Puech families — fought back with a unique defence: the holding company structure. We walk through the specific mechanics of H51, how they locked up 50.2 percent of shares without a poison pill, and why the French market regulator AMF ultimately backed them. A masterclass in corporate defence without sacrificing shareholder value.
#Hermes #LVMH #BernardArnault #CorporateDefense #HostileTakeover…
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