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":"fd51df4c2028a8cc65e9918490df439c","s":"8d3c9f89865c99c5"}