Nicolas Puech
#999Nicolas Puech is a French businessman who is a fifth-generation descendant of Thierry Hermès, the founder of luxury goods company Hermès. He resigned from the Hermès supervisory board in 2014, but maintained over 5% of the company's shares. Puech has attempted to sell this stake, but has indicated that he does not have access to his shares.
Biography & Background
xAI Grokipedia EnrichedNicolas Puech is a French businessman who is a fifth-generation descendant of Thierry Hermès, the founder of luxury goods company Hermès. He resigned from the Hermès supervisory board in 2014, but maintained over 5% of the company's shares. Puech has attempted to sell this stake, but has indicated that he does not have access to his shares.
- Nicolas Puech is a fifth-generation descendant of Thierry Hermes, who founded one of Paris' most famous luxury fashion brands.
- He resigned from Hermes' supervisory board in August 2014 but still owns just under 5% of the company; other family members together hold a majority stake.
- In September 2014, Hermes and luxury giant LVMH reached an agreement to distribute LVMH's 23% stake in Hermes to its shareholders.
- The agreement settled a four-year dispute launched when LVMH accumulated the stock without its rival's knowledge.
- It prompted speculation that LVMH CEO Bernard Arnault was planning a takeover.
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Nicolas Puech Nicolas Puech (born 1943) is a French billionaire businessman and fifth-generation heir to the Hermès luxury fashion empire, founded by his ancestor Thierry Hermès in...