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

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FRANCE

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

Eric Freymond drafted a complaint to sue LVMH and Bernard Arnault for €380 million.
Eric Freymond drafted a complaint to sue LVMH and Bernard Arnault for €380 million. © Studio Pachamama
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. [...] (1280 words)
Published on 23/03/2023 at 05:00 GMT Reading time 6 minutes

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Further reading
Pierre-Alexis Dumas, Axel Dumas and Henri-Louis Bauer. © Studio Pachamama
Spotlight
FRANCE 01/06/2023

Hermès's three shareholding families make last-ditch effort to IPO-proof the company 

The three shareholding families of leather goods manufacturer Hermès are eager to bring Nicolas Puech, the sole heir of Emile Hermès to have remained outside the group's family holding company, into the fold. The initiative is also a bid to close the only avenue allowing heirs to secretly sell their shares in the group.
After filing an explosive complaint against Bernard Arnault and LVMH in 2018, wealth manager Eric Freymond withdrew it the following summer. © Studio Pachamama
Spotlight
FRANCE 30/03/2023

Arnault, Freymond and the spoils of the Hermès raid (3/3): payment notice 

After initiating legal proceedings against Bernard Arnault and LVMH in the hope of reaping 10% of the capital gains the luxury group made in its failed takeover of Hermès, Swiss wealth manager Eric Freymond mysteriously withdrew his complaint in the summer of 2019.
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.
Interior designer Alberto Pinto decorated Russian oligarch Viktor Rashnikov's superyacht Ocean Victory. © Studio Pachamama
Spotlight
FRANCE MIDDLE EAST 08/12/2022

The offshore dealings of the Pinto family, interior designers to royalty and oligarchs 

The Pinto agency is perhaps best known for its work designing interiors for five-star hotels and royal palaces. But it also decorates superyachts for its Russian and Middle Eastern clients, a sideline that is billed through a complex network of offshore trusts and private asset managers, some of which are under the scrutiny of investigators in France and Switzerland.

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