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":"7f8f7de76e9e8e932f823c61328be2a2","s":"25492e4cfc448368"}
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