Bernard Arnault’s five children are all involved in the luxury goods behemoth he founded - but what are the benefits and risks of keeping it in the family?
While luxury companies pride themselves on catering to the top 1%, the pullback by the 10% has had repercussions on sales growth.
A Citi analyst contends Hermès is set to surpass its biggest competitor in the next few years and become the largest luxury fashion brand.