Hermès' US$151 billion family fortune is Europe’s biggest

Hermès' US$151 billion family fortune is Europe’s biggest
In spring, the main window display of Hermès’ historic George V flagship store in Paris included some horse dung. And it wasn’t just any manure. (Image: Bloomberg)
Bloomberg
By Tara Patel and Angelina Rascouet, with assistance from Devon Pendleton and Michael MsikaOn a chilly October day in Paris in 2010, Bertrand Puech got an unexpected call on his cellphone from Bernard Arnault, the founder of luxury giant LVMH Moët Hennessy Louis Vuitton and one of the world’s richest men.Arnault told Puech, the family patriarch at rival Hermès, that his company had amassed shares in the maker of the iconic Kelly and Birkin bags. The investment was friendly and aimed at offering Hermès strategic and...

More Style & fashion

Why luxury needs a wake-up call
Opinion Fashion

Eden Bradfield: Why luxury needs a wake-up call

The focus should be on selling consumers a lifestyle, not just status symbols. 

Eden Bradfield 01 Jul 2025
CEO pink: This muted, dusty shade means power in the office
The Life

CEO pink: This muted, dusty shade means power in the office

In this hue, ‘I can totally own a situation,’ says one exec.

Tweed's makeover resurrects Scottish heritage symbol
The Life

Tweed's makeover resurrects Scottish heritage symbol

"It's a good thing to keep the tradition going."

AFP 01 Jun 2025
China’s love affair with luxury has markedly cooled
Style & fashion

China’s love affair with luxury has markedly cooled

Economic slowdown, irritation at high prices behind big declines for LVMH, Gucci.