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":"862254cd8dfd90ae33b74482b0fb58ba","s":"41a2c2aeabdb8380"}