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":"42d94712d5316b01d139304109b49a15","s":"f33ec7ed1e7d38e3"}
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