Forbes Daily: Luxury Legal Battle Emerges As Hermès Heir Reportedly Sues LVMH [Forbes]
CME Group Inc. - Class A (CME)
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Source: Forbes
A legal battle is brewing in the world of luxury retail , with Hermès heir Nicolas Puech reportedly suing conglomerate LVMH and its billionaire founder Bernard Arnault. Puech alleges his wealth manager sold roughly 6 million Hermès shares without his knowledge—at the same time LVMH began amassing a stake in Hermès, which manufactures the Birkin handbag—more than a decade ago. The lost shares are worth roughly $16.3 billion, the lawsuit claims. LVMH told Reuters that the company “never, at any time, misappropriated shares of Hermès International.” Arnault is the seventh richest person in the world, worth some $188.3 billion, while Puech dropped off the Forbes Billionaires List this year. Microsoft faltered on the stock market Wednesday , with shares dropping 2.5% after a report emerged that the firm reduced growth targets for AI product sales. The tech giant, however, denied the report, claiming it displays a “lack of understanding.” The private sector saw its largest employme
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CME
Earnings
- 10/22/25 - Beat
CME
Sec Filings
- 11/21/25 - Form 4
- 11/20/25 - Form 144
- 11/12/25 - Form 4
- CME's page on the SEC website