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":"387f2553bbf193ee829dac5ef5e3f475","s":"db99886437b13679"}
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