Nicolas Puech, the 80-year-old descendant of Thierry Hermès—who founded French luxury giant Hermes International SCA in 1837—has decided to leave half of his fortune to his former gardener, setting off a public spat with the foundation his family created.

According to Swiss media reports, Puech has initiated the legal process of adopting his former 50-year-old unnamed gardener and plans to leave him half of his 12 billion euros (£10.3 billion) fortune.

The family emerged this month as the world’s third wealthiest in Bloomberg’s annual ranking of family fortunes.

<h2>Nothing much revealed about the unnamed heir&nbsp;</h2>

Nothing much has been revealed about this gardener, except that the man is of Moroccan origins and is married with two children. Local media reports state that Puech refers to them as his “children” and “adopted son”.

However, the decision has been vehemently opposed by the Isocrates Foundation—which has a board of six including Puech as president—which has announced that it will “oppose” its founder’s decision to cancel the inheritance contract.

It is believed that Puech owns about 5.7 per cent of Hermès’ shares.

<h2>Trust opposes move</h2>

On Tuesday (Dec 19), the foundation said that it “isn’t in a position to judge the process or context” of the reports that Puech wished to adopt his former employee.

“From a legal standpoint, the abrupt and unilateral annulment of a succession agreement appears void and unfounded,” the foundation said in a statement.

“The foundation has opposed this move while leaving the door open to discussion with its founder and president.”

Also read |&nbsp;<a href="https://www.wionews.com/world/us-authorities-start-closing-bridges-with-mexico-to-contain-surge-in-immigration-671644">US authorities start closing bridges with Mexico to contain surge in immigration</a>

The foundation was referring to a 2011 agreement it had with Puech, who has no children, to fund “the protection and promotion of public debate”.

Also read |&nbsp;<a href="https://www.wionews.com/world/trump-barred-from-colorado-ballot-for-role-in-jan-6-attack-on-us-capitol-671523">Trump barred from Colorado ballot for role in January 6 attack on US Capitol</a>

The foundation said it was established to fund and support “public interest journalism and media organisations committed to strengthening the field of investigative journalism” and civil society organisations “working towards responsible digitalisation and a healthy digital public space”.

It added that as a Switzerland-based charity, it is “under the authority and surveillance of Swiss Federal supervisory board for foundations”.

The move by Puech adds another twist to the long-running saga of the Hermes descendant, who alleged to have betrayed his family when he failed to join dozens of relatives, led by his brother Bertrand Puech, in pooling their Hermes shares to tighten control over the firm and repel Louis Vuitton Moët Hennessy, which had stealthily acquired a stake.&nbsp;

Nicolas Puech, the 80-year-old descendant of Thierry Hermès—who founded French luxury giant Hermes International SCA in 1837—has decided to leave half of his fortune to his former gardener, setting off a public spat with the foundation his family created.

Nicolas Puech, the 80-year-old descendant of Thierry Hermès—who founded French luxury giant Hermes International SCA in 1837—has decided to leave half of his fortune to his former gardener, setting off a public spat with the foundation his family created. According to Swiss media reports, Puech has initiated the legal process of adopting his former 50-year-old unnamed gardener and plans to leave him half of his 12 billion euros (£10.3 billion) fortune. The family emerged this month as the world’s third wealthiest in Bloomberg’s annual ranking of family fortunes. Nothing much revealed about the unnamed heir Nothing much has been revealed about this gardener, except that the man is of Moroccan origins and is married with two children. Local media reports state that Puech refers to them as his “children” and “adopted son”. However, the decision has been vehemently opposed by the Isocrates Foundation—which has a board of six including Puech as president—which has announced that it will “oppose” its founder’s decision to cancel the inheritance contract. It is believed that Puech owns about 5.7 per cent of Hermès’ shares. Trust opposes move On Tuesday (Dec 19), the foundation said that it “isn’t in a position to judge the process or context” of the reports that Puech wished to adopt his former employee. “From a legal standpoint, the abrupt and unilateral annulment of a succession agreement appears void and unfounded,” the foundation said in a statement. “The foundation has opposed this move while leaving the door open to discussion with its founder and president.” Also read | US authorities start closing bridges with Mexico to contain surge in immigration The foundation was referring to a 2011 agreement it had with Puech, who has no children, to fund “the protection and promotion of public debate”. Also read | Trump barred from Colorado ballot for role in January 6 attack on US Capitol The foundation said it was established to fund and support “public interest journalism and media organisations committed to strengthening the field of investigative journalism” and civil society organisations “working towards responsible digitalisation and a healthy digital public space”. It added that as a Switzerland-based charity, it is “under the authority and surveillance of Swiss Federal supervisory board for foundations”. The move by Puech adds another twist to the long-running saga of the Hermes descendant, who alleged to have betrayed his family when he failed to join dozens of relatives, led by his brother Bertrand Puech, in pooling their Hermes shares to tighten control over the firm and repel Louis Vuitton Moët Hennessy, which had stealthily acquired a stake.

Hermès heir decides to leave half of its fortune to his ex-gardener

French luxury group Hermes International (HRMS.PA) shuttled the fashion press to an airport on the outskirts of Paris for its spring ready-to-wear catwalk show, sending fitted leather crop tops, silky dresses and relaxed trousers down a circular catwalk set up in a hangar. 
 
Robot cameras whizzed around the runway and dropped from the ceiling, filming the models as they marched past the audience seated on a platform at the center of the space. 
 
Paris Fashion Week, which runs through Oct. 5, has kicked into full swing this season with dozens of labels holding in-person shows following months of disruption due to the COVID-19 pandemic.

<a href="https://www.wionews.com/entertainment/courteney-cox-surprises-friends-fans-on-warner-bros-studio-tour-417820" hreflang="en">Courteney Cox surprises 'Friends' fans on Warner Bros. studio tour</a> 
 
Hermes women’s ready-to-wear creative director Nadège Vanhee-Cybulski added modern touches to her feminine silhouettes, with paper-bag waists on long skirts and trousers. 
 
In a nod to the house’s tradition as a saddlery maker, tops and jackets were embellished with discrete leather buckles and studs, while yellow jackets in leather brightened the muted palette of neutral colours.

<a href="https://www.wionews.com/entertainment/hollywood/news-scarlett-johanssons-mother-in-law-didnt-get-baby-name-cosmo-reveals-colin-jost-417675" hreflang="en">Scarlett Johansson's mother-in-law 'didn't get' baby name Cosmo, reveals Colin Jost</a> 
 
For the finale, the bronze-hued panels serving as a backdrop rolled to the side, offering an open view on the runway of the Bourget airport, a hub for private jets. 
 
The models lined up and were facing the audience when an airplane landed.

French luxury group Hermes International (HRMS.PA) shuttled the fashion press to an airport on the outskirts of Paris for its spring ready-to-wear catwalk show, sending fitted leather crop tops, silky dresses and relaxed trousers down a circular catwalk set up in a hangar.

French luxury group Hermes International (HRMS.PA) shuttled the fashion press to an airport on the outskirts of Paris for its spring ready-to-wear catwalk show, sending fitted leather crop tops, silky dresses and relaxed trousers down a circular catwalk set up in a hangar. Robot cameras whizzed around the runway and dropped from the ceiling, filming the models as they marched past the audience seated on a platform at the center of the space. Paris Fashion Week, which runs through Oct. 5, has kicked into full swing this season with dozens of labels holding in-person shows following months of disruption due to the COVID-19 pandemic. Courteney Cox surprises 'Friends' fans on Warner Bros. studio tour Hermes women’s ready-to-wear creative director Nadège Vanhee-Cybulski added modern touches to her feminine silhouettes, with paper-bag waists on long skirts and trousers. In a nod to the house’s tradition as a saddlery maker, tops and jackets were embellished with discrete leather buckles and studs, while yellow jackets in leather brightened the muted palette of neutral colours. Scarlett Johansson's mother-in-law 'didn't get' baby name Cosmo, reveals Colin Jost For the finale, the bronze-hued panels serving as a backdrop rolled to the side, offering an open view on the runway of the Bourget airport, a hub for private jets. The models lined up and were facing the audience when an airplane landed.

Hermes hosts fashion show at Paris airport hangar

hermes-fashion-shows

Hermes Fashion Shows, News on Hermes Fashion Shows, stories on Hermes Fashion Shows, articles on Hermes Fashion Shows, Hermes Fashion Shows stories at Wion, Hermes Fashion Shows news, Hermes Fashion Shows latest news

hermes fashion-shows

Hermès heir decides to leave half of its fortune to his ex-gardener

Hermes hosts fashion show at Paris airport hangar