Luxury Hermes share row continues

摘要

On announcing his company's positive results for the third quarter, the chief executive of luxury leathergoods brand Hermes, Patrick Thomas, said the purchase of a 14.2% stake in the company by rival group LVMH changed nothing.LVMH made its move towards the end of October but said it did not intend to seek a seat on the board or try to take Hermes over. The Hermes family continues to own more than 70% of the company.At the start of November, some senior family members issued a strongly worded criticism of LVMH and said it should sell its share and walk away from Hermes. France's financial regulator is looking into the matter.