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":"c62e4ed41634f5a2344810c0a8244d84","s":"cb46263f40eea531"}
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