An Hermès heir is suing conglomerate LVMH and its billionaire CEO Bernard Arnault in a Paris civil court in a bid to recover about €14 billion ($16.3 billion) for his alleged lost shares in the maker of Birkin handbags.
Nicolas Puechhas alleged that his former wealth manager, the late Eric Freymond, sold his shares in Hermès International SCA to Arnault without his knowledge, when Arnault was trying to buy his rival. He filed the civil case against Freymond, LVMH Moët Hennessy Louis Vuitton SE and Arnault in May, according to people familiar with the matter, who spoke on ...
