Primarily the founding Dumas Family owns Hermes International for 173 years. They are a group of 72 members who own 73% of Hermes International. Hermes Chairman Mr Puech is adamant the family is unwilling to sell. Why should they when they enjoy a compound annual growth rate of 14.7%? LVMT oddly can only boast a return of 7.6% on their efforts.
Hermes looks invulnerable to a hostile takeover, it is built on a limited partnership structure. This protects Hermes from outsider interests. The internal disputes are well dealt with.
The Dumas family has endured seven generations without cannibalizing itself with internal disputes and dividing itself from within. For 173 years this family forever getting bigger has maintained a sense of one. This group of 72 members are a tribe or clan and are glued together by blood and more than that, uncontaminated virtues.
Vision is the outcome of uncontaminated virtues.Clarity of facts is the outcome of belonging together.
I love to see this ongoing immortality of Hermes International.
Duplication is the outcome of Love found in the Dumas Family and the presence of all the prerequisites of Love, I speak about in my Chapter 13, The Solution, in my book "Heroic Emirau".
