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":"99b1fa9522415b517f62b726e59e2a62","s":"88f49a39c993a119"}
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