“I have been convinced for a long time that Nicolas Puech no longer has his shares”. This was explained by the managing director of the Hermès Group, Axel Dumas, on Thursday, when he was interviewed on the fall of the disappearance of the stocks of one of the heirs of the group.
The fate of the securities of the 82-year-old Puech, one of the great-grandchildren of the Hermès founder, is the focus of a long and complex case with many twists. Last week the Swiss daily Tribune de Genève and the French weekly magazine Le Point reported that his former asset manager Eric Freymond, against whom Nicolas Puech had filed a lawsuit, took his own life.
“We learned this message that I personally described as tragic,” said Dumas on the sidelines of the presentation of the group results. “You can only be dismayed and sad about it”.
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“I have long been convinced that Nicolas Puech no longer has its shares, and that’s the reason why we filed a lawsuit,” said the managing director of the leather goods manufacturer. “I’m waiting for the legal proceedings. I don’t think these shares are found again”.
Nicolas Puech, who lives in Switzerland, had inherited six million shares that make up 5.76 percent of Hermès capital. In the current course, this corresponds to an amount of almost 14.5 billion euros. The stocks have disappeared today.
One of the unexplained questions is whether these stocks were sold or not when Bernard Arnault, the head of LVMH, had secretly acquired a participation in his competitor.
In 2023, this matter took a new turn when Puech claimed to be ruined. He filed a lawsuit against his former asset manager. He believed that this had used subtle constructions to make his shares disappear.
Last year, his complaint was “rejected by the Geneva judiciary”, which “Eric Freymond has acquitted”, reported the Tribune de Genève. Puech also filed a lawsuit in France.
This article was used with digital tools translated.
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