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LVMH's Arnault Seen Staying on M&A Path After Hermes Retreat

2014-09-04 20:37:04| Jewelry - Topix.net

Bernard Arnault , the billionaire who built his luxury empire and name as a serial dealmaker, suffered a rare setback yesterday when he agreed to loosen his grip on Hermes International SCA. The retreat is unlikely to diminish his appetite for mergers and acquisitions.

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