Axel Dumas

Hermès against LVMH. In 2010 LVMH revealed it had built a large stake in Hermès through derivatives, and the founding family, with Axel Dumas among its leaders, pooled most of its shares into a family holding company in 2011 so they could not be sold to an outsider. French regulators later fined LVMH, and it distributed its stake to its own shareholders in 2014. Dumas has led Hermès since 2013, and it stayed controlled by the family.