Hermès Heir Reportedly Sues Bernard Arnault And LVMH, Alleging $16 Billion Worth Of Hermès Shares Sold Without His Knowledge [Forbes]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
NASDAQ:AMEX Investor Relations:
lvmh.com/investors
Company Research
Source: Forbes
Puech's wealth manager sold his roughly six million shares in his family's luxury goods and handbag company without his knowledge—which would be worth over $16 billion now. Puech sued his former wealth manager Eric Freymond, Arnault, LVMH and holding companies associated with both men, Reuters reported. The Hermès heir alleges Freymond moved his shares in his family's company without his knowledge when LVMH began amassing a stake in the Birkin handbag manufacturer over a decade ago. The lawsuit values Puech's lost Hermès shares at 14 billion euros, or roughly $16.3 billion, according to Reuters and Bloomberg citing the suit that has not been made public. Freymond, however, died in July after being struck by a train in Switzerland. A criminal investigation into Puech's claims is still underway in France, but only Freymond is currently under investigation, Reuters reported citing the Paris prosecutor's office. LVMH did not respond to a request for comment from Forbes. Arna
Show less
Read more
Impact Snapshot
Event Time:
LVMUY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LVMUY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LVMUY alerts
High impacting LVMH-MOET H/L/V UNSP/ADR news events
Weekly update
A roundup of the hottest topics
LVMUY
News
- 5 Big Takeaways From ILTM Cannes 2025 [Forbes]Forbes
- 6 New Whiskeys To Sip During The Holidays [Forbes]Forbes
- This Iron Man-themed cruise suite could cost you $39K. See inside. [USA TODAY]USA TODAY
- Italy's luxury brands shaken by sweatshop probes [BNN Bloomberg (Canada)]BNN Bloomberg
- LVMH-Backed Volcan Debuts A New $2,900 Tequila [Forbes]Forbes