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":"15c36c905f31873d48fc4c48cfb9ea9a","s":"058d790c2d869e4b"}
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