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":"af2b884471f62939c534e45011d6423b","s":"f557e63bd3b2e340"}