Three Swiss Indicted In Paris Over Hermès/LVMH Share Dispute

2026-05-29 02:13:40

(MENAFN- Swissinfo) Two Swiss lawyers and a notary have been indicted in Paris in connection with a legal complaint involving the transfer of Hermès shares. Select your language

Generated with artificial intelligence. Listening: Three Swiss indicted in Paris over Hermès/LVMH share dispute This content was published on May 29, 2026 - 11:09 2 minutes Keystone-SDA

Français fr Actions Hermès/LVMH: trois Suisses mis en examen à Paris Original Read more: Actions Hermès/LVMH: trois Suisses mis en examen à

+Get the most important news from Switzerland in your inbox

The heir to the French leather goods house Hermès claims to have been dispossessed in favour of LVMH, the AFP news agency learned on Friday from the Paris public prosecutor's office.

“The persons under investigation dispute the facts of which they are suspected”, stressed the public prosecutor, confirming a report in the newspaper Libération. The investigations are ongoing.

Nicolas Puech, an 83-year-old Swiss resident, is accusing his former asset manager, Eric Freymond, of transferring his Hermés shares in bad faith for the benefit of LVMH and billionaire Bernard Arnault. Freymond died last year.

Puech filed a civil action in December 2023 for breach of trust, suspecting the manager“of having embezzled since 1998, through Swiss companies that he administered, assets that he managed, and of having sold his shares without his consent and without informing him”, the public prosecutor's office said.

More More Luxury heir claims his CHF11 billion Hermès fortune has vanished

This content was published on Aug 3, 2024 An octogenarian heir to the Hermès luxury fortune, who sparked controversy last year over a plan to leave his money to his gardener, may not have much to give away after all.

Read more: Luxury heir claims his CHF11 billion Hermès fortune has van

MENAFN29052026000210011054ID1111184647

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.