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":"a7ca71969eec0abb4252ff745017f998","s":"2326fd776d0517a6"}