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

Dec. 5 (Bloomberg) -- Patrick Thomas, Hermes International 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

To contact the editor responsible for this story: David Risser at

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