Tactical moves, succession challenges, talent pools: discover Glitz, the first investigative publication dedicated to the global luxury sector

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SWITZERLAND

Is Hermès heir Nicolas Puech still in charge of his own foundation?

Hermès heir Nicolas Puech's foundation, recently renamed Isocrates Foundation and endowed with a capital of 10 million Swiss francs, has adopted new statutes that considerably restrict its founder's role. [...] (339 words)

Issue dated 19/01/2023 Reading time 2 minutes

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Alfred Necker
Ariane Leschallier de Lisle
Banque cantonale de Genève
Boninchi
Corinne Chaponnière Meyer
Eric Freymond
Gestilac
H51
Hermès
Induni
Isocrates Foundation
Jacques Perrot
LVMH
Nicolas Puech
Nicolas Puech Foundation
Worms

Arnault, Freymond and the spoils of the Hermès raid (1/3): secret wars

It is the most secretive of the luxury sector's great battles: after LVMH's failed takeover of Hermès in 2010, its instigators fought long and hard over the ensuing capital gains. Glitz.paris investigates the €3.8bn dispute between LVMH chief Bernard Arnault and Swiss wealth manager Eric Freymond.

Swiss asset manager Eric Freymond is the target of legal proceedings in France in connection with the planned takeover of Hermès by LVMH in 2010. © Studio Pachamama

Spotlight

FRANCE SWITZERLAND 16/03/2023

Thirteen years on, French justice eyes key player in failed LVMH takeover of Hermès

The central role played by Swiss wealth manager Eric Freymond in LVMH's planned takeover of Hermès in 2010 has led to him being the subject of a judicial investigation in France that has been kept under wraps, until now.

SWITZERLAND UNITED ARAB EMIRATES 26/01/2023

The financial vehicles propelling Eric Freymond, Hermès heir Nicolas Puech's wealth manager

Eric Freymond, the long-time wealth manager of Nicolas Puech, the only Hermès heir to have remained outside the family company that controls the leather goods manufacturer, has links with several financial groups in the United Arab Emirates that are as active as they are discreet.

FRANCE SWITZERLAND 12/01/2023

The Nicolas Puech Foundation, a key player in the LVMH-Hermès war, changes focus

Nicolas Puech's Swiss foundation, which holds some of the Hermès shares swapped with LVMH in 2010, has changed its name and corporate purpose. But not its management.

The Arnault family, majority shareholders of LVMH and partners of Stella McCartney since 2019, flocked to her show at Paris Fashion Week on 2 October 2022. © Studio Pachamama

Spotlight

FRANCE UNITED KINGDOM 12/01/2023

How LVMH poured €111m into Stella McCartney Free

Officially, French luxury giant LVMH and British designer Stella McCartney have been "partners" since 2019. In fact, they have strong financial links that have grown even closer in recent months.

The Hermès and Lanvin boutiques at 24 and 22 Rue du Faubourg Saint-Honoré, in Paris. © Studio Pachamama

Spotlight

FRANCE 05/01/2023

Lanvin's secret deal with the families that control Hermès

After Lanvin Group's listing on the New York Stock Exchange (NYSE) in December, its new shareholders are poring over the company's affairs, including a confidential agreement reached last year between the fashion house and the three families that control Hermès.

Spotlight

SWITZERLAND 22/12/2022

Richemont's hush-hush real estate acquisitions in global luxury capitals

Swiss luxury giant Richemont (Cartier, Van Cleef & Arpels, Chloé, etc.) has acquired a string of properties in luxury capitals around the world through two real estate companies registered on the island of Jersey.

FRANCE SWITZERLAND 13/10/2022

The great Hermès mystery: where are Nicolas Puech's phantom shares housed?

Twelve years after the aborted LVMH raid on Hermès, and three years after the expiry of the non-aggression pact negotiated between the luxury giant and the Faubourg St Honoré based leather goods manufacturer, the status of the shares of one of the few members of the three shareholding families to have joined forces with LVMH, Nicolas Puech, remains shrouded in mystery.

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Alfred Necker
Ariane Leschallier de Lisle
Banque cantonale de Genève
Boninchi
Corinne Chaponnière Meyer
Eric Freymond
Gestilac
H51
Hermès
Induni
Isocrates Foundation
Jacques Perrot
LVMH
Nicolas Puech
Nicolas Puech Foundation
Worms

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Tactical moves, succession challenges, talent pools: discover Glitz, the first investigative publication dedicated to the global luxury sector

Tactical moves, succession challenges, talent pools: discover Glitz, the first investigative publication dedicated to the global luxury sector

Is Hermès heir Nicolas Puech still in charge of his own foundation?

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Set up email notifications for these topics

Arnault, Freymond and the spoils of the Hermès raid (1/3): secret wars

Thirteen years on, French justice eyes key player in failed LVMH takeover of Hermès

The financial vehicles propelling Eric Freymond, Hermès heir Nicolas Puech's wealth manager

The Nicolas Puech Foundation, a key player in the LVMH-Hermès war, changes focus

How LVMH poured €111m into Stella McCartney Free

Lanvin's secret deal with the families that control Hermès

Richemont's hush-hush real estate acquisitions in global luxury capitals

The great Hermès mystery: where are Nicolas Puech's phantom shares housed?

Set up email notifications for these topics

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