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":"1e9d73e37d60872999be86decd4dffcf","s":"8798d58fcc633c62"}
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