Exclusive-LVMH signed a secret 2002 pact to buy Hermès heir’s shares. Now he says his fortune is missing
4 Articles
4 Articles
LVMH, the luxury giant, is accused by Nicolas Puech, heir to Hermès, of subtilizing his 6% stake in the company. Puech, who discovered the disappearance of his shares in 2022, claims 14...
LVMH signed a secret 2002 pact to buy Hermes heir's shares. Now he says his fortune is missing
Luxury giant LVMH signed a secret 2002 agreement to buy Hermes shares from Nicolas Puech. The company also paid his wealth manager over twenty million dollars in fees. Puech alleges his fortune vanished through schemes involving his late wealth manager. LVMH denies any attempt to acquire Puech's stake against his will. This revelation raises questions about LVMH's past denials and the missing shares.
Exclusive-LVMH signed a secret 2002 pact to buy Hermès heir’s shares. Now he says his fortune is missing
By Tassilo Hummel and David Gauthier-Villars Sept 17 - In a June court filing, luxury-goods giant LVMH forcefully denied it had ever tried to acquire shares in rival Hermès from that company’s founding-family heir Nicolas Puech, who alleges he was fl...
Now he states that his property has disappeared.
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