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Family-controlled Hermes will be relieved that it notched up a 25% growth in sales in 2010 as it will bolster its defence from the predatory arch rival LVMH.

Stanley Ho, the Hong Kong and Macau-based casino king, has often been a controversial figure during his long career as one of East Asia’s better-known entrepreneurs.

Macao casino billionaire Stanley Ho has accused his family of stealing his shares in SJM Holdings without his consent, raising debate about who would succeed Ho in the billion-dollar business.

Family-controlled investment company Wendel said that it would appeal a €1.5 million fine imposed by the French market regulator AMF, as it attempts to bolster its reputation.

The founding family of Hermes International, the luxury scarves and handbag maker, was granted the right on 6 January to create a holding company to pool family shares without having to bid for the rest of the company.

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