"},"content":{"rendered":"[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]<\/p>\n
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This decision is part of Exor’s development in the luxury sector.<\/strong> In 2020, Exor began its expansion in the luxury segment by acquiring Herm\u00e8s<\/strong>‘ majority stake in the Chinese luxury brand Shang Xia.<\/strong> Subsequently, the Italian group acquired a 24% stake in French luxury shoe designer Louboutin for \u20ac541 million.<\/p>\n <\/p>\n The choice of Axel Dumas<\/strong> for this position is therefore far from being a coincidence. Heading the French leather goods house Herm\u00e8s since 2013, he was appointed for a one-year term with the possibility of renewal.<\/p>\n <\/p>\n \u201cAxel is the sixth-generation leader of a family business that is the epitome of excellence and tradition, and is also known for its success in pursuing renewal and change,<\/em>\u201d Exor CEO John Elkann<\/strong> said in a statement.<\/p>\n <\/p>\n At the same time, Exor also announced the appointment of board member Ajay Banga<\/strong> as chairman with immediate effect, separating the role from that of chief executive. Both roles were previously held by John Elkann.<\/p>\n <\/p>\n Among the other investments of the Italian company in luxury, we can also mention the future completion of the sale of PartnerRe<\/strong>, a Bermudian reinsurance group, which will allow it to total a cash flow of 9 billion euros, useful in future investments in luxury.<\/strong> In addition, Exor is the majority shareholder of the car manufacturer Stellantis<\/strong>, which holds majority stakes in companies including the luxury sports car manufacturer Ferrari<\/strong>.<\/p>\n <\/p>\n Finally, with the recent appointment of Dumas, the latter hopes to significantly accelerate its development in the luxury segment on a global scale.<\/p>\n <\/p>\n <\/p>\n Read also > VERY GOOD MOMENTUM FOR HERM\u00c8S IN Q1<\/a><\/p>\n <\/p>\n Featured Photo : \u00a9 Press[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n This decision is part of Exor’s development in the luxury sector.<\/strong> In 2020, Exor began its expansion in the luxury segment by acquiring Herm\u00e8s<\/strong>‘ majority stake in the Chinese luxury brand Shang Xia.<\/strong> Subsequently, the Italian group acquired a 24% stake in French luxury shoe designer Louboutin for \u20ac541 million.<\/p>\n <\/p>\n The choice of Axel Dumas<\/strong> for this position is therefore far from being a coincidence. Heading the French leather goods house Herm\u00e8s since 2013, he was appointed for a one-year term with the possibility of renewal.<\/p>\n <\/p>\n <\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n Already have an account ? Please log in<\/b><\/a>.<\/strong><\/p>\n [\/vc_cta][vc_column_text]Featured photo : \u00a9 Press[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n This decision is part of Exor’s development in the luxury sector.<\/strong> In 2020, Exor began its expansion in the luxury segment by acquiring Herm\u00e8s<\/strong>‘ majority stake in the Chinese luxury brand Shang Xia.<\/strong> Subsequently, the Italian group acquired a 24% stake in French luxury shoe designer Louboutin for \u20ac541 million.<\/p>\n <\/p>\n The choice of Axel Dumas<\/strong> for this position is therefore far from being a coincidence. Heading the French leather goods house Herm\u00e8s since 2013, he was appointed for a one-year term with the possibility of renewal.<\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\n<\/h4>\n
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The Italian investment company Exor<\/a> announced yesterday, Tuesday May 24, the appointment of the CEO of Herm\u00e8s, Axel Dumas, as a non-executive member of its board of directors.<\/h4>\n
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The Italian investment company Exor<\/a> announced yesterday, Tuesday May 24, the appointment of the CEO of Herm\u00e8s, Axel Dumas, as a non-executive member of its board of directors.<\/h4>\n