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HomeLifestyle NewsHermès Believes Heir No Longer Holds Shares Worth €14 Billion

Hermès Believes Heir No Longer Holds Shares Worth €14 Billion

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The enigma surrounding Hermès shares worth about €14 billion ($16.2 billion) inherited by a member of the luxury goods company’s controlling family is finally seeing some glimmers of light.

Hermès International SCA believes the family member, Nicolas Puech, hasn’t had the shares in the Birkin bag maker for a while, executive chairman Axel Dumas said, adding a new twist to a protracted legal battle over their whereabouts — further complicated by the death last week of Puech’s…

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