PARIS — LVMH Moët Hennessy Louis Vuitton on Wednesday hit back at claims that it acquired shares in Hermès International that were allegedly unlawfully taken from Nicolas Puech, a fifth-generation heir of the Hermès family.

The French luxury conglomerate issued a statement after French media reported that Puech was targeting LVMH chairman and chief executive officer Bernard Arnault , his holding companies and his group in a civil suit claiming billions of dollars of damages.

Puech has previously blamed his former wealth manager Eric Freymond for the disappearance of his fortune.

After initially remaining silent on the allegations, LVMH denounced what it termed “a clearly coordinated media campaign” and threatened to take legal action to defend itself.

The accusations are linke

See Full Page