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LVMH on Wednesday reiterated it had never misappropriated the shares of Hermès heir Nicolas Puech when it built up a stake in its rival.
“LVMH and its [controlling] shareholder firmly reaffirm that they never, at any time, misappropriated shares of Hermès International, in any way whatsoever or without anyone’s knowledge, and that they do not hold any “hidden” shares, contrary to what Mr Nicolas Puech suggests,” the company said in a statement.
Reuters this week reported Puech has…
