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":"a00b39702a0438c1b9dbbc45539ecce6","s":"5ed8b421137ae7f0"}
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