Christmas is approaching, the luxury giants are toasting. With some news. The richest family empire in Europe is the one at home Hermès: the one hundred heirs of the maison founded in 1837 by a craftsman specialized in riding saddles has reached a quotation above 200 billion of Euro. Compared to 2010, when the dynasty managed to make common cause against the takeover attempt by Bernard Arnault "the wolf in cashmere" of LVMH, the stock achieved an increase of more than 1.000 percent, overtaking its enemy LVMH, which she had to settle for 600 percent. Thanks to these numbers, the descendants of Thomas Hermès have a fortune of 151 billion euros, entirely linked to the fortunes of the maison, more than what the Arnault family is worth, which holds just under 60% of the LVMH galaxy, with 70 brands joined by Arnault.
Hermès: the luxury star could end up in the hands of the butler
An empire, that of Hermès, which grew under the guidance of Axel dumas, the number one in the family, by 59%, more than all the competition in the luxury sector and beyond. “We are happy with this result which is the result of intense team work” Dumas himself, today at the head of the third largest family fortune in the world behind the Saudi royal family and that of the Emir Thani of Qatar, simply replied to Bloomberg. , but in front of the heir of the Mars confectionery empire and the powerful Koch clan, major voters of the Republican Party.
It was Dumas himself who in 2010 convinced the other heirs to reject Arnault's advances and to concentrate the shares in the H51 safe which controls over 50% of the fashion house. He was the only one who rejected the agreement Nicolas Puech, strong at 5,7% of the capital valued at more than 11 billion euros. A treasure that could end up in the hands of butler Moroccan of the entrepreneur unless otherwise decided by the Swiss judge called into question by the previous heir, the Isocrate foundation.
The Kering dividend makes all the luxury fly
But the scent of money, at the end of yet another successful season of luxury, goes beyond the affairs of Hermès heirs. The end of a season complicated by the problems of China, a major client of the brands, the sector regained its luster on the stock exchange yesterday thanks to the leap forward of Kering +3% after the company that controls Gucci (but also Saint Laurent and Bottega Veneta) announced a interim dividend for the 2023 financial year which will amount to 4,50 euros per share. The news is allowing the stocks of the sector to recover from the recent weakness linked to the difficult prospects for 2024. The purchases also dragged up Moncler (+ 2,4%), lvmh (+3,2%), the same Hermès (+ 1,48%), Richemont (+ 2,5%) and Burberry (+ 2,7%).
