As luxury conglomerate LVMH Moët Hennessy Louis Vuitton recently decided to forgo its expected appeal and take the fine handed down by Autorité des Marchés Financiers, or AMF, for acquiring shares in family-owned French leather goods maker Hermès, there are a few takeaways for the luxury industry.
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","iv":"d1066e4618694a8f2bc7e87ef8d40aa8","s":"f6fc29bda98cdd6a"}