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":"b6b5e99c09d1ca7317a4c48aefd2ff6d","s":"e292e2a9ec13bdf8"}