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Hermès heir Nicolas Puech has sued Bernard Arnault and his LVMH luxury conglomerate, among other parties, in a civil case related to Puech’s claim that he was deprived of Hermès shares now worth billions of euros, according to a filing of his lawsuit reviewed by Reuters.
The lawsuit marks the first known legal challenge by Puech, 82, against Arnault and LVMH, and comes more than a decade after LVMH stunned France’s business establishment by quietly amassing a 23 percent stake in…
