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":"a25489c5c7014af2b707e952887c4ec5","s":"5365f23913648a94"}
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