Luxury leathergoods company Hermes is to pay its outgoing chief executive Patrick Thomas nearly 1 million euros ($1.3 million) a year from 2014 to 2017 as part of a 10-year non-competition deal. In 2004 Mr Thomas became the first person to take the reins of the French luxury goods group who was not a descendant of founder Emile Hermes. He had...

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