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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5eUqFRKCJkMxyp08Up4NoTMoE8zOhvtsAtiV9KHUt2JS9dXAL42Nlpazv5XaVXxlidhshBz21jq5jnZwUv84BHVOImEiuksW\/\/9J1Y0AS1yT7JjIkkKQDpS1neUPn71rdA95JvFZq4SbtycL4aZocXk6qRoQ46eivDIhYWv+YUgD2GCnpHa7HiS20sDndNW6g\/QsB\/lOIEvVXlbH3hAgTwtSrEuvfyQg0rJ4CaxzL3ePa7i+8yigmN1Q49uQfBlD6opPR8AVMvkHv5P6\/k1xxlBeNmatkyGeP4vuK2fSgU9ek1tQr1F4G75HSGuhs9pEnxb6X7tfSpCpOpM57jloYiE1toUgAYGDxSowLcvQgNTN0Fa7onzN3oAaQ3C791nnol1FBoEWJJ8jraldJ9hsHdSf+q0IfKdERkmsPytsPG1c8RKRAmWJI\/OVAxiOXNZUHwImtkVFIVVTYFZCfLMVnHGQHKjoBeoF09urBcHbJhgBpyWY9Up2Wv4ygy\/ZtXHn\/omgsUhy8f2PR3DnP55ttwrv54UM2aeAQuJu57D3b5R6\/6uHeazuryomOCQLfsqRD97fc6tJEkiWvlSprbyhXA5TdAYpsLW3yk3UfeOqnPSs6TiAwRZYA0fDIHxY\/meocXnsMHXuNTgPDLLE22XbWzbSH8LBv9Hst2QvfQC92uaWzPr7tTNEmHnNcd0Urk+9oFah1oaF6rbw9mq4hXamiUQ4B+NjtuZgeojHiAgVD9fxtPx8LSeCxRpLxyXDIGowv08C3wwV4N5ddR669hGS\/nHPiKjG8aQTznCjK5Izr+tQesCnff5v60Nt7MCHaZtsSCIRHHjRHUqZtqtH9qyZLY1v9uvXn+alzsT4diJip3QDuR6RWL0n7RmaRumbZgO4wGvesY7pAbqU5mH3A3R8Abc4sWzm\/lT2yDTZuiug4RgUWzVFOGU\/jEBDyPtXUhHQQOZVQzgDI\/D2WPCg4GLT5EMSUAzSUfQq7ArS3FEfYoHiYoi1ThqkoFipHtIAiBsqv\/LCQS9WQEbmt3k9WB7fQxicfRIJl\/y8lXEJnCsvqfMpn82VFYw96NYGTkMAJibYg3L6Tcg8v3cVgD+ufFI0F2yE9K+q1y53\/DI+1hrxtpjYInFR8ZOxLx6pd62SP18dU8iUd\/HTamvItIgnJa2G6UR8WGJ77v+78yxT7Knt98YetgCpBE\/2CsmIWP0+rw+kUP54wleSEVTGq+xeMeHfd7lKTJHcY6CUUyHZYi2iI5ZhFG0OEarDN2R\/DQm5aGF8rm\/dLAhSXMMv045MekZSbVhaA\/y8EzjAcy0VyTFgxjyBpp20HftETwvoTQsnbhAiLFcizHe\/oVRCgR4lpxEUoeSB71q4TBhXVrDmiUIi\/hIO8dA2pHCD62quov3oG3zOj8KnFfbklMbAFJGcA\/Ks9WUO8Ietj9Asaq87X+ZMqatOoVJumG10rft\/loEK0vFdH46NLFoZK8VbkLDvWVYqckJeZSR5GxTcZbqT1lPEFIMCPPRiQB\/fLoBmYw5JISVlMyuL9JKb5S9WFzpUk+YIgjUOutQjVQ3mn7UUpRTMTiCrdzUmn+4KtWceYU21Ky8hrm0FchWv6pyC1a3D6JNHUJjH3z1\/7otFhzAqlduWruURDbqxv0YktlsIviwhT+zNvE64mFfC60qs+cFP\/LnYjek39UkNW61e\/f8UdO9BWfVvE4AL5V\/qdeJq1ZbI0lIj0Jm5hylrJKRBcvzErcIECsT71QsbHeFawjrIRFgPETQg\/f8GrFCMzGQlZROgdqxZ39HXDxcQw8ea3YCY89cXfZlQy0bMhC5Rccby8coOXdebHbf2GycpWTa+oWfezP0jtvNVICUBG8cTBdRBQAdYFnsSTiVE245tZkUOxqJ6EWo5DIj3lnaa9cdk\/q1NR4v7fjUUy14Y8kVKSizDRIGt2E9yD7U3Uenx+oMFGYdKKWz2J0PbyP\/64mBCTr2lAyz1CuRGg1+AoI8pKgpHkylojHlNS6V\/jAOSjCR0QariLSIOcHwyppirFxCyiYKfj49BwwYIjmWC\/sTnTqFSrCI473Qo5Hw5h6ipGYgXilUngUbS0+aE9MRoPreJDAIeF7vCurcu10ZOuDortlLDHdaFZqalcCrLZtCt8ZHIlcWpgejLuRC3b0O0SF+u9UfppOOzN\/b+oru1FLt73tOEhbw0osChAsFAHrDxqJ6JzH41PO+y2be7QGyknOAqvjeNXiU5JE41rfYVjKAU0JZiqB0CTcvU96SNP6hLx7+omlq7WURYpMkPzNptQwokPb6NjjXF4m8jYzwIxGrkzNzZTZSZZ8DV5wDHvFNRnPRn+j3NVBxXgk9J6aV4t6PVYFYJOeFK7yx0whXr+wYb\/JJXr5+GJ6\/CGesr7eij1qDKCio8LDIjCEqPrdqpmNJ8GGj7nMIih8quyL1dbSzVq+j4wBi6zFz++1h\/iA7G96QtJjZw4rCrJlFsbiyHJRLBfxby9nR0kuHDhI3uawEImZ8HB3PGLDrQpLo5FQPOD7DmzS4UWkgtSBViJCH5XljUykQBEOdTDFQWPKAo\/11pHgu35YztcKRkcYvfH6jQnicUaTD4Iopd3Ztxw7gE66OXrqbmPMy49+q9uBIgAsPyL38MI3rqYLl0BPAPrXyIg6D25BVAdVMO1xc8reTrq6LRa5ANquhdDRTBkIIGINxY9JSOty8gM9\/CdsgZV\/1aUPI2PQmPAolC83tJT+o3iPVh+xO5QvkfCJ5UuP1qoM5MlN2pqRvXeJV3zbq3tXlSfywtUIebkgRrpzUYfvW0JGfVtRckUPRtG+Q42Ezmqp6XSdRiByYih6LU7ZYPcM1C0wGhHtxmSe\/+4M+3ZFACExv4X2xz0KlAOyhQANJXkaxzlcD\/FqJyjxSsoDj43nqRKbPT1flgmidDeB7nHKDhhv+\/pbveWqYiaNQGnXiB5nhe8\/vf16i6iP9\/jJsRLS4VXRkiLl+G8vgJl614R4ByMWtsP630rBwwXGdXFe8T5jrMCNybHiqzSV8tUM2ebMobK6XL1NK3\/OQOktWrqIkNfHbAyqdAJV9riqIVpSxVze2Qh7fE1lBcpQsVdMIGFH8krPppsTaszXmXHCGqJAhkL6lJhsxGFfT9p1xFHbk0cN+5RjrVFLWvB\/ik8JdjCmtO15+Muj9P\/UPlgNruWvGZmtaQ9TpIVbTN87dCjvC\/jeIuHNok80tMNDeBHZLbLr4DYT3rTdgfD24pvLWmc6kUFQw+XyFtUekzPrPJ6zTDbNI3TOnwBGCQxLzLxnpNRHjKKIwFhvqbFfCr7d1YSebF2N0hobxtTvjrkaQ4wWc6z\/RgxD1E48UgGQY2ruy56V4ynKUGLAFIhBLbjKlj90oTP1UKmLaKjd+A5Kxm0XkPS8JnWnSiKvXGUv\/tRgooYjTQ2GgwTcUs6GNa8crXQrkJ9Ypmi\/7TaYB12NDN6","iv":"bdca1801e4b844b90b2b125878a46478","s":"8906ab8632de61d2"}