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":"ab4e42a70a862b269360fdcb48559652","s":"35271fb10b83d327"}
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