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Hermes decided to list 25% of hermes sa on the french stock market in 1993 this was done to provide family members with a means to value their stake in the . Luxury wars: how hermès faced down its rival threatened by a sudden and hostile takeover, the hermès family sought strength in unity and formed an. Global finance in practice is good governance good business globally 115 summary points 116 mini-case luxury wars—lvmh vs hermes 116.