LVMH, the world's largest luxury group has purchased 14.2% Hermes' stake with the intention to buy more stake later in the future. Hermes shares have climbed up since the death of one of the exec and it's reported that the family-founding's company is looking to sell the company..
I would like to give my thoughts on this. WHY THE HELL WOULD YOU DO THIS HERMES? I was really shocked hearing this news. nonetheless Hermes' brand image starts fading, at least to me.
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