LVMH bought the remaining shares of all public holding shares of Hermes, which is estimated to cost LVMH Mo? T Hennessy Louis Vuitton about 3 billion 800 million euros.

Recently, analysts at Bernstein research company

According to Solca's point of view, not entering the stock market will limit the resale of shares in the Hermes family, but this will also lead to their tendency to be taken over or merged by LVMH.

However, if LVMH's shares exceed 33%, then LVMH may launch a comprehensive acquisition. At that time, Hermes members will not accept it. They will require LVMH to have a higher share share but not to hold it.

Last October, LVMH Group acquired Hermes17.1%'s shares through cash settlement, which rose to 20.2% last month.

Last week, AMF passed a resolution allowing Hermes to redistribute family shares without buying shares of minority shareholders, which would also help Hermes deal with unsolicited purchasers.

The report also details that not all family members are willing to participate in the stock market.

Colette Neuville, chairman of the French small shareholders Association (ADAM), said it would appeal against the resolution of AMF, which deprived shareholders of their right to buy and sell shares.

LVMH has not yet expressed his views on AMF's decision and whether to continue appeals.

AMF will be examined separately.

At the same time, insiders say that Hermes will face internal obstacles if it reestablishes shareholder agreements, but the voice of anti LVMH in the family is still on the rise.

Hermes said that before the end of the appeal, the company would not restructure family holdings, which means that family members can have time to reflect on what is behind the great wealth of the past 20 years.