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The hidden Swiss holding company of Hermès heir's wealth manager

By Philippe Vasset

Published on 11.12.2025 at 06:00 GMT Reading time 2 min

Having already revealed the existence of accounts in Eric Freymond's name in Dubai and of his many shell companies in Panama, Glitz has now unearthed a limited company he owned in Zug, the most secretive of Switzerland's cantons.

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In Focus
Hermès heir's late wealth manager hid millions in Dubai

Up until his death this July, the Swiss wealth manager Eric Freymond had been secretly transferring the accounts of his clients, who included the Hermès heir Nicolas Puech, to the United Arab Emirates. Some of the money in those accounts has since disappeared.

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The financier Eric Freymond in the United Arab Emirates, the focus of opaque transactions that ultimately led to his downfall.

Spotlight
Probe into Nicolas Puech's missing Hermès shares continues despite main suspect's death

The sudden death of asset manager Eric Freymond in July has not ended the judicial probe in France into the six million Hermès shares he was accused of stealing from his client Nicolas Puech, the great-grandson of Émile Hermès.

Subscribers only Families 23.09.2025

The key figures in the scandal engulfing Hermès (from left): Éric Freymond, Nicolas Puech and Bernard Arnault.

Spotlight
The secret story of the 6 million Hermès shares that vanished into thin air

Glitz.paris has reconstructed the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a labyrinth of offshore accounts and Panama shell companies. The shares passed through the hands of Swiss asset managers, then LVMH finance directors, and are now beyond the reach of their owner, who is calling it the "heist of the century".

Subscribers only Families 21.11.2024

This week, Glitz.paris reveals the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a financial labyrinth.

Spotlight
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.

Subscribers only Families 30.03.2023

After filing an explosive complaint against Bernard Arnault and LVMH in 2018, wealth manager Eric Freymond withdrew it the following summer.

Arnault, Freymond and the spoils of the Hermès raid (2/3): explosive tell-all

To force LVMH to reward him for his role in the Hermès raid, Swiss wealth manager Eric Freymond revealed the details of the luxury giant's attempted takeover in a court filing. The tell-all complaint was incendiary for Bernard Arnault's group, which had already been fined by the financial regulator for non-disclosure related to the operation.

Subscribers only Families 27.03.2023

Bernard Arnault's group received a startling summons initiated by Eric Freymond.

Spotlight
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.

Subscribers only Families 23.03.2023

Eric Freymond drafted a complaint to sue LVMH and Bernard Arnault for €380 million.

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Switzerland
The hidden Swiss holding company of Hermès heir's wealth manager

Having already revealed the existence of accounts in Eric Freymond's name in Dubai and of his many shell companies in Panama, Glitz has now unearthed a limited company he owned in Zug, the most secretive of Switzerland's cantons.

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

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Read also

In Focus
Hermès heir's late wealth manager hid millions in Dubai

Spotlight
Probe into Nicolas Puech's missing Hermès shares continues despite main suspect's death

Spotlight
The secret story of the 6 million Hermès shares that vanished into thin air

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

Arnault, Freymond and the spoils of the Hermès raid (2/3): explosive tell-all

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

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Indigo Publications' websites

About Glitz

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Indigo Publications' websites

Louis Vuitton

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Switzerland The hidden Swiss holding company of Hermès heir's wealth manager

Having already revealed the existence of accounts in Eric Freymond's name in Dubai and of his many shell companies in Panama, Glitz has now unearthed a limited company he owned in Zug, the most secretive of Switzerland's cantons.

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Read also

In Focus Hermès heir's late wealth manager hid millions in Dubai

Spotlight Probe into Nicolas Puech's missing Hermès shares continues despite main suspect's death

Spotlight The secret story of the 6 million Hermès shares that vanished into thin air

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

Arnault, Freymond and the spoils of the Hermès raid (2/3): explosive tell-all

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

Headlines

Related topics to this article

Headlines

Related topics to this article

About Glitz

Subscription

Glitz on social media

Indigo Publications' websites

Switzerland
The hidden Swiss holding company of Hermès heir's wealth manager

In Focus
Hermès heir's late wealth manager hid millions in Dubai

Spotlight
Probe into Nicolas Puech's missing Hermès shares continues despite main suspect's death

Spotlight
The secret story of the 6 million Hermès shares that vanished into thin air

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

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