Nicolas Puech

About Nicolas Puech

Nicolas Puech is a fifth-generation descendant of Thierry Hermes, who founded one of Paris' most famous luxury fashion brands.

He resigned from Hermes' supervisory board in August 2014 but still owns just under 5% of the company; other family members together hold a majority stake.

In September 2014, Hermes and luxury giant LVMH reached an agreement to distribute LVMH's 23% stake in Hermes to its shareholders.

The agreement settled a four-year dispute launched when LVMH accumulated the stock without its rival's knowledge.

It prompted speculation that LVMH CEO Bernard Arnault was planning a takeover.