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LVMH. share buybacks

August 3, 2011

The Hermes family’s creation of a controlling family holding has once again come under scrutiny, with French lobby group L'association de défense des actionnaires minoritaires (Adam) questioning decisions to spend company cash on buying back shares. 

The Hermes family’s creation of a controlling family holding has once again come under scrutiny, with French lobby group L'association de défense des actionnaires minoritaires (Adam) questioning decisions to spend company cash on buying back shares.

Hermes was given the go ahead to set up a controlling family holding in January, a move seen by many as a bid to deter a takeover from luxury goods company LVMH.

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