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Published · transcript-backed

David Rosenthal: belief

20 Feb 2024 Acquired Hermès

“In this case, when you read about the Hermes family fortune today, it's the Dumas family that are obviously the CEO and the artistic director that you hear about visibly. But really, I think all the sons-in-laws and all of their descendants become active in the business.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
belief
Recorded
20 Feb 2024
Publisher
Acquired
Episode
Hermès

Transcript context

…Right, same story as the New York times. There was a whole generation of daughters, none of the ox daughters get the business, so it goes over to the son in law, the souls burger, and now it's the souls burger ox family that owns the business in the same way that Hermes is the Hermes-Dumas family. The son in law tends to do well in this early 20th century period of passing it down from, unfortunately, father not to daughter, but father to son-in-law. In this case, when you read about the Hermes family fortune today, it's the Dumas family that are obviously the CEO and the artistic director that you hear about visibly. But really, I think all the sons-in-laws and all of their descendants become active in the business. There's Robert Dumas, there's Jean-René Guérin, and there's Francis Puech. And these are all son-in-laws.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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