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Armani looking to merge with Hermes


Allan

Posts: 8971

Posted: 28.12.2008 at 16.09
Say what? Armes? Hermani.

Well no, Armani wanted it but apparently Hermes canned the deal. According to WWD;

FRENCH CONNECTIONS: When it comes to Giorgio Armanis future, speculation about a deal between the designer and LOréal, his longtime beauty partner, has been alive and kicking for some time but apparently Armani flirted with a new flame.

The designer implied in a recent interview with Bloomberg News that he had held talks with Hermès to merge the two companies, a move he claimed would have benefits to both parties. Armani noted hes a longtime admirer of the storied French luxury goods house known for its status Birkin and Kelly bags. But by Armanis own admission, the talks went nowhere and an agreement was never reached because of the numerous Hermès family shareholders. An Armani spokesman declined to elaborate, and Hermès officials had no comment.


here

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