Hermès shares worth €14 billion (US$16.2 billion) inherited by Nicolas Puech, an heir to the Birkin bag maker's fortune, cannot be recovered, said the firm's chairman, as the whereabouts of the ...

KOBE, Japan -- A private equity firm backed by the world's top luxury group, LVMH, has acquired a majority stake in Kisshokichi Holdings, which operates a major chain of Kobe beef restaurants in Japan ...

The enigma surrounding Hermès shares worth about €14 billion ($16.2 billion) inherited by a member of the luxury goods company’s controlling family is finally seeing some glimmers of light.

Hermès International SCA said it believes that Puech no longer possesses any shares in the luxury fashion house and hasn't ...