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":"32300cfb2f8e08ccf62c03c6bad238bb","s":"ad0df2b68fc66ba5"}
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