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":"575ef112dd592a19e010d99dbb3f4f42","s":"33e9777abe9ce848"}
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