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

Sun, 31 Dec 2023

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...

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