Hermès’ $151 Billion Family Fortune Is Europe’s Biggest

Hermès’ $151 Billion Family Fortune Is Europe’s Biggest

On 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 SE and one of the world’s richest men. Arnault told Puech, the family patriarch at rival Hermès, that his company had amassed shares in … Read more