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":"c391baa521ed35c8c473de33ca79ce18","s":"62245e767f471a10"}