LVMH Managed to Buy More Hermès Shares

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The target. Photo: Julien Hekimian/Getty Images

Despite the lengthy measures that Hermès has taken to defend their company's shares from LVMH, who got everyone in a tizzy about the possibility of a hostile takeover when they gained a sizable chunk of Hermès stocks last year, LVMH has still managed buy more. The conglomerate announced yesterday that they'd upped their stake Hermès from 20.2 percent to 21.4 percent, although Bernard Arnault has maintained that he has no intention of attempting to gain control of the brand.

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