French luxury family Hermes is examining schemes over the weekend to further protect its capital scattered among family members from external acquisition, after the world's largest luxury goods conglomerate LVMH sneaked 17 percent of its shares.
According to a report by local daily newspaper Le Monde on Saturday, some 60 Hermes family shareholders and their representatives are likely to create a holding company with 51 percent of Hermes' capital, which makes it harder for external buyers to attain Hermes shares potentially sold by family shareholders on the market.
They started the discussion on Friday, the daily said, but didn 't publish any decision till now, and were reluctant to give comments.
So far, the Hermes family heirs clutched 73.4-percent stake of the group and repeatedly stressed their unity after LVMH's surprising entry into the family-run brand in late October.
After LVMH announced its acquisition, Hermes' executives urged the French luxury giant to back off as they saw an implication of hostile takeover. However, LVMH CEO Bernard Arnault has said there will be no further bid on Hermes in the medium term.
According to a report by local daily newspaper Le Monde on Saturday, some 60 Hermes family shareholders and their representatives are likely to create a holding company with 51 percent of Hermes' capital, which makes it harder for external buyers to attain Hermes shares potentially sold by family shareholders on the market.
They started the discussion on Friday, the daily said, but didn 't publish any decision till now, and were reluctant to give comments.
So far, the Hermes family heirs clutched 73.4-percent stake of the group and repeatedly stressed their unity after LVMH's surprising entry into the family-run brand in late October.
After LVMH announced its acquisition, Hermes' executives urged the French luxury giant to back off as they saw an implication of hostile takeover. However, LVMH CEO Bernard Arnault has said there will be no further bid on Hermes in the medium term.
