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.”
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