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":"41f201e58671adcee1923ca8122be991","s":"5057f6b87b6a836a"}