Acquired
Hermès
David Rosenthal
Nine plus years, yeah, that he's just building this stake, being patient. In October 2010, LVMH exercises its options on the equity swaps that it owns and announces that it now controls 14.2% of Hermes shares. And Bernard, at the time, he says, I had to do it because... Other luxury groups were also talking about making a run at Hermès.
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