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":"3a4879db051f2d52ae53f26d22bd8549","s":"464df42c57069b24"}