Wednesday, 5 May 2010
Yesterday Hermes International jumped 2 percent to 101.65 euros, gaining for a third day. The stock rose after a member of the company’s founding family - Jean-Louis Dumas – died, sparking speculation that the family may be more willing to sell shares.
Antoine Belge, a Paris-based analyst at HSBC, told Bloomberg, “Some people may believe that the other family members will now be more willing to sell. We think the descendants of the founder are still committed to keeping the company independent, especially the fifth-generation members who still control the majority of the voting rights.”
Click here to read more at Bloomberg.
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Who's behind the MO DOWN
Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au