
Economy
Shares Worth $10 Billion Disappeared: The Secret Deal Complicating LVMH in the Hermes Heir Dispute
Nicolas Puech, Hermes heir, claims that millions of shares he held in the luxury company disappeared and are now worth some $10 billion. Now a 2002 agreement has been revealed in which LVMH agreed to purchase shares from him and other heirs. The company claims the deal was never executed, but the document brings the question back into focus of what happened to the shares, and whether there is a connection between them and the large stake LVMH secretly built in Hermes.
· Source: N12. Photo as published in the article
Nicolas Puech, Hermes heir, claims that millions of shares he held in the luxury company disappeared and are now worth some $10 billion. Now a 2002 agreement has been revealed in which LVMH agreed to purchase shares from him and other heirs. The company claims the deal was never executed, but the document brings the question back into focus of what happened to the shares, and whether there is a connection between them and the large stake LVMH secretly built in Hermes.


