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":"1bbfbce2fcd73018fc2f0660a6b5269d","s":"f75b71370eb4e9a2"}
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