Commerce
January 10, 2011
By Peter Finocchiaro
Independent French fashion house Hermès has rebuffed the advances of conglomerate LVMH Moet Hennessey Louis Vuitton through its creation of a seemingly impenetrable holding company. But will it last?
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","iv":"6b31a8a1fd74d17fa5bb9172687234f1","s":"20c0ee8d933643c5"}
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