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":"cf5bdef2752aad34de9e66d87c489b32","s":"cba0a21469be0e25"}
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