LVMH Denies Misappropriating Hermès Shares From Family Heir

PARIS — LVMH Moët Hennessy Louis Vuitton on Wednesday hit back at claims that it acquired shares in Hermès International that were allegedly unlawfully taken from Nicolas Puech, a fifth-generation heir of the Hermès family. The French luxury conglomerate issued a statement after French media reported that Puech was targeting LVMH chairman and chief executive officer Bernard Arnault, his holding companies and his group in a civil suit claiming billions of dollars of damages. More from WWD Puech has previou ...