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":"7ece409ba7aabfffe802d3d265062ba4","s":"c37f0417a5f4390d"}
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