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LVMH Signed a Secret 2002 Pact to Buy Hermès Heir’s Shares. Now They’re Missing

calendar_today September 17, 2026 person Reuters domain the-business-of-fashion

In a June court filing, the luxury conglomerate forcefully denied it had ever tried to acquire shares in its rival from founding-family heir Nicolas Puech, who alleges he was fleeced of his 6 percent stake.

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