Monday, July 9, 2012

Hermes family could raise stake in group

French luxury group Hermes International SCA could strengthen its defence against a hostile takeover, as the family holding company, which already owns 52 percent of the company, could increase its stake, a member of the Hermes family was quoted saying. "About 12 percent (of the family-owned shares) remain that are not in the holding, but for (the purchase of whose shares) ... the other family members have a right of first refusal," Guillaume de Seynes, member of the Hermes family and also part

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