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":"147b7a6fbf5028ee1c1d0dfef58e2801","s":"56983497403bb40a"}