Hermès Heir Reportedly Sues Bernard Arnault And LVMH, Alleging $16 Billion Worth Of Hermès Shares Sold Without His Knowledgehttps://t.co/Vz5IpFTHxX https://t.co/w0OfQBeQ2n ...

Core Viewpoint - LVMH has reaffirmed that it has never misappropriated shares belonging to Hermes heir Nicolas Puech while acquiring a stake in Hermes [1] Group 1 - LVMH's statement emphasizes its commitment to ethical practices in its investment strategies [1]

An Hermès heir is suing conglomerate LVMH and its billionaire CEO Bernard Arnault in a Paris civil court in a bid to recover about €14 billion ($16.3 billion) for his alleged lost shares https://t.co/7VbYYye9jN ...

Group 1 - LVMH has appointed Pietro Beccari as CEO of LVMH Fashion Group, while he continues as chairman and CEO of Louis Vuitton [1][2] - The transition from Sidney Toledano, who has led the fashion activities for over 30 years, is set to take effect on January 1, 2026 [2][4] - Damien Bertrand, currently deputy CEO of Louis Vuitton, will join the LVMH executive committee as part of the reorganization [2][5] Group 2 - Beccari's career at LVMH began in 2006, and he has held various leadership roles, including chairman and CEO of Fendi and Christian Dior Couture [3] - LVMH reported a revenue of €18.28 billion ($21.15 billion) for Q3 2025, marking a 1% organic increase from Q3 2024 [5][6] - The company experienced its first quarterly growth in 2025 after a 4% decline in the previous quarter, with total revenue for the first nine months of 2025 at €58.1 billion, down from €60.75 billion in the same period of 2024 [6]

Core Viewpoint - Nicolas Puech, the 82-year-old heir of Hermès, has filed a civil lawsuit against LVMH and its chairman Bernard Arnault, claiming that they unlawfully took over his Hermès shares valued at over $10 billion [1][3]. Group 1: Lawsuit Details - Puech alleges that he lost all his Hermès shares due to deceit by his financial advisor Eric Freymond, who allegedly transferred the shares to LVMH without his knowledge [1][2]. - The lawsuit was submitted to the French court in May, with the first hearing scheduled for November 20 [1]. - Puech seeks to recover the value of 6 million Hermès shares, estimated at approximately €14 billion (about $16.26 billion) based on current prices [1]. Group 2: Background of the Dispute - The financial dispute between Puech and Freymond is considered one of the most convoluted criminal cases in France, with allegations of fraud leading to the transfer of shares to LVMH [3]. - LVMH has been increasing its stake in Hermès from 2001 to 2013, ultimately holding over 23% of the company, which led to a prolonged legal battle between the two companies [3]. - Puech claims he was unaware of the transfer of his shares to LVMH and the whereabouts of the proceeds from the sale [3]. Group 3: Current Situation - Following Freymond's sudden death in a car accident, which was ruled a suicide, Puech faces challenges in seeking compensation as he cannot pursue claims against Freymond's family due to legal restrictions [3][4]. - Puech's current financial situation is reportedly dire, as he is now forced to travel in economy class [4]. - The French prosecutor's office is conducting a criminal investigation into Puech's case against Freymond, but LVMH and Arnault have not been formally investigated [4].

12月2日消息，Pietro Beccari 被任命为 LVMH 时尚集团董事长兼首席执行官 ，同时他还负责路易威登 的业务。此外，现任路易威登副首席执行官Damien Bertrand将成为 LVMH 执行委员会成员。消息称该 任命将于2026年1月1日生效。 12月2日消息，Pietro Beccari 被任命为 LVMH 时尚集团董事长兼首席执行官 ，同时他还负责路易威登 的业务。此外，现任路易威登副首席执行官Damien Bertrand将成为 LVMH 执行委员会成员。消息称该 任命将于2026年1月1日生效。 责任编辑：李思阳 责任编辑：李思阳 ...

Core Viewpoint - Royal Bank of Canada (RBC) has raised the target price for LVMH from €575 to €650 [1] Company Summary - The adjustment in target price reflects RBC's positive outlook on LVMH's performance and market position [1]

Core Insights - The Year Ahead 2026 summit, hosted by Bloomberg Businessweek and supported by Mercedes-Benz, focuses on macroeconomic trends and various industries, providing valuable insights for business decision-makers [3] - The summit emphasizes three main themes: "China and the World," "Urban Culture and Business," and "Technology and Sustainability," making it a significant platform for understanding industry developments [3] Group 1: Event Overview - The Year Ahead summit has been influential in the Chinese business community for eleven years, serving as a key forum for connecting resources and insights [3] - The event features discussions on urban and commercial connections, highlighting the importance of cultural and emotional engagement in business [5] Group 2: Case Study - Louis Vuitton's "Louis" Project - The "Louis" project by LVMH has transformed from a brand initiative to a significant cultural phenomenon, attracting over 100,000 daily visitors and generating a vibrant commercial atmosphere [5][6] - The project's success is attributed to effective government and corporate collaboration, which ensured compliance with regulations while fostering innovation [6] - The "Louis" project has also drawn international attention, with tax refund records from over 70 countries, indicating its appeal as a high-end consumer destination [6] Group 3: Insights on Consumer Behavior - The project illustrates that consumption is a byproduct of emotional engagement and social resonance, rather than a primary goal [6] - In modern urban settings like Shanghai, consumers seek emotional fulfillment beyond material needs, which is a key factor in the project's success [6] Group 4: Ongoing Exploration of Urban and Commercial Connections - The Bloomberg Businessweek's CityLab initiative continues to explore urban narratives, focusing on individual stories that reflect broader economic and cultural trends [7] - The initiative highlights the importance of grassroots insights in understanding urban development and consumer behavior [7][8]

Core Insights - The luxury retail sector is experiencing stability, driven by high-income consumers who continue to invest in timeless products despite rising prices [2][4][10] - The scarcity of high-end products is a strategic move by brands to maintain exclusivity and drive prices higher, benefiting luxury brands like Chanel and Hermes [4][10] - Aspirational consumers are increasingly important, as they seek to elevate their spending on luxury items, indicating a shift in consumer behavior towards high-end products [5][12] Retail Trends - The luxury market is seeing a shift from traditional retail to experiential shopping, with brands focusing on fewer flagship stores that offer unique experiences [9][10] - Luxury brands are moving away from department stores and are instead targeting top regional shopping centers to enhance consumer engagement and loyalty [11][12] Economic Outlook - The current interest rate environment is expected to remain stable, with projections indicating a range of 50 to 75 basis points for the next couple of years [8] - Companies are planning their financing strategies carefully to ensure continued investment in high-end retail properties and consumer experiences [9]

Group 1 - UBS has raised the target price for LVMH from €680 to €725 [1]