Hermes Chief Says ‘Affair’ With LVMH Is Over, Le Temps Reports

Patrick Thomas, Hermes International (RMS) SCA’s chief executive officer, said the LVMH Moet Hennessy Louis Vuitton SA “affair is over,” after shareholders united against LVMH’s purchase of a stake, Le Temps reported.

Hermes can expect 10 percent sales growth next year, on a “cautious” estimate, as long as the world economy doesn’t enter a serious recession, the newspaper cited Thomas as saying.

To contact the reporter on this story: Thomas Mulier in Geneva at tmulier@bloomberg.net

To contact the editor responsible for this story: David Risser at drisser@bloomberg.net

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