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":"f3dbedac03c6478d2d54f8b5fc560311","s":"b452c0042c9409e3"}
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