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Hermès Executive Chair Says Controlling Family Heir No Longer Holds Shares

MT Newswires·07/30/2025 08:27:08
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08:27 AM EDT, 07/30/2025 (MT Newswires) -- Hermès International (RMS.PA) Executive Chairman Axel Dumas said he has had "certainty for a long time" that a member of the French luxury group's controlling family no longer holds his shares, Bloomberg News reported Wednesday. Dumas said he believes the shares owned by Nicolas Puech, who inherited the company's shares worth 14 billion euros, can not be recovered. "This is why we've started legal proceedings," he added.