Hermes Family
The generation of the Hermes family was in control during the LVMH takeover attempt.
What is the sixth generation?
The man who led the acquisition of Hermes shares through equity swaps.
Who is Bernard Arnault?
This iconic Hermes product is known for having a long waitlist due to limited handcrafted production.
What is the Birkin bag?
The year Hermes originally went public.
What is 1993?
The non-family CEO of Hermes during the LVMH takeover attempt.
Who is Patrick Thomas?
The family member held a 6% stake and initially resisted joining the new holding company.
Who is Nicolas Puech?
The percentage of Hermes LVMH announced it controlled when the news became public.
What is 17.1% ?
This key business principal Hermes refused to compromise even while under global expansion pressure.
What is traditional craftmanship or handmade production?
The rough portion of Hermes shares that were owned by non-Hermes family members.
What is 10%?
This family member was being groomed to eventually lead the company.
Who is Axel Dumas?
Approximately this many Hermès family shareholders were believed to exist at the time of the LVMH battle.
What is around 200 family shareholders?
This type of financial instrument LVMH used to secretly accumulate Hermes shares.
What are cash settled equity swaps?
The number of artisans used to make a leather product.
What is 1?
The name of the new family holding company created to protect Hermes from takeovers.
What is H51?
This Dumas family member is credited with transforming Hermes in the late 20th century through disciplined craftmanship-based strategy.
Who is Jean-Louis Dumas?
The primary family-business challenge identified in the case that made Hermes vulnerable to a takeover.
What is a growing number of heirs?
This legal authority investigated whether LVMH violated disclosure rules.
What is Autorite des Marches Financiers (AMF)?
The length of time it could take to receive a handbag made from crocodile leather.
What is 10 years?
The length of time in which the shares are locked inside the H51 holding company.
What is 20 years?
This Hermes leader was known for mixing creativity with rigorous discipline.
Who is Jean-Louis Demas?
The reason some family members originally want Hermes to go public in 1993.
What is to give liquidity to uninterested family members?
The motive Patrick Thomas accused LVMH of having regarding its unsolicited stake.
What is a hostile takeover?
This pricing strategy allowed Hermes to maintain high margins despite competition.
What is scarcity-based pricing?
The governance change Hermes made to reconcile internal family factions during the crisis.
What is adding Nicolas Puech to the supervisory board?
This symbolic gesture Hermes leadership used to demonstrate unity during the crisis.
What is presenting a united front?