Be still the beating hearts of luxury analysts everywhere. The rumours turned out to be true, the predictions were fulfilled, and today LVMH announced they had bought 15,016,000 shares of Hermès International, the jewel in the French luxury crown — or 14.2% of the share capital of the company. With intentions to increase their stake. Read more
© The Financial Times Ltd 2016 FT and 'Financial Times' are trademarks of The Financial Times Ltd.