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Exor appoints Hermès CEO as member of its board of directors

Exor appoints Hermès CEO as member of its board of directors

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The Italian investment company Exor announced yesterday, Tuesday May 24, the appointment of the CEO of Hermès, Axel Dumas, as a non-executive member of its board of directors.

 

This decision is part of Exor’s development in the luxury sector. In 2020, Exor began its expansion in the luxury segment by acquiring Hermès‘ majority stake in the Chinese luxury brand Shang Xia. Subsequently, the Italian group acquired a 24% stake in French luxury shoe designer Louboutin for €541 million.

 

The choice of Axel Dumas for this position is therefore far from being a coincidence. Heading the French leather goods house Hermès since 2013, he was appointed for a one-year term with the possibility of renewal.

 

 

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