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":"24bd30d4ab150f23d5024222cd5d4710","s":"592b6ca9e3039d5f"}
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