Patrick Thomas

Hermes rejects LVMH foray, luxury battle in offing

Hermes rejected on Wednesday "an attack" on its capital by luxury goods giant LVMH, sounding the start of what could become a bitter battle for control of one of France's most iconic brands. The head...

Hermes to exit luxury yacht joint venture

Hermes is exiting a luxury yacht joint venture with shipbuilder Wally, saying it is not experienced enough to complete the project according to Reuters. The two partners had unveiled a full-sized model of their mega...

Luxury market faces turbulence: Hermes

Hermes believes turbulence could hit the global luxury goods industry for the next two years and has put some expansion plans on hold, the French fashion and leather goods group said on Monday. Watches and...
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