Yahoo Finance·2025-12-03 19:59Core Viewpoint - LVMH Moët Hennessy Louis Vuitton has responded to allegations regarding the unlawful acquisition of shares in Hermès International, asserting that the claims are baseless and part of a coordinated media campaign [1][2][4]. Group 1: Allegations and Legal Actions - Nicolas Puech, a fifth-generation heir of the Hermès family, is pursuing a civil suit against LVMH's chairman Bernard Arnault and his holding companies, claiming billions in damages [1]. - LVMH has threatened legal action to defend itself against what it describes as unfounded allegations and a coordinated media campaign [2][4]. - The accusations are linked to LVMH's acquisition of a significant stake in Hermès in 2010 through cash-settled equity swaps, which led to a legal battle that was settled in 2014 [3]. Group 2: LVMH's Position - LVMH has firmly stated that it has never diverted shares of Hermès and does not hold any hidden shares, countering Puech's claims [5]. - The company emphasizes its history of refraining from public controversy and legal disputes, despite facing criticism from detractors [4]. - LVMH reserves the right to take necessary actions to assert its rights in this matter [5]. Group 3: Background on Puech - Puech, as the largest family shareholder, was central to the LVMH-Hermès conflict, having refused to lock up shares with other family members to protect against a potential takeover [6]. - Puech claims he was unaware that his former wealth manager sold his shares, which constituted 5.8% of Hermès' capital, without his consent [6].