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

After filing an explosive complaint against Bernard Arnault and LVMH in 2018, wealth manager Eric Freymond withdrew it the following summer.
After filing an explosive complaint against Bernard Arnault and LVMH in 2018, wealth manager Eric Freymond withdrew it the following summer. © Studio Pachamama
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. Did he get the €380m he was asking for? The third and final instalment of our investigation. [...]
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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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