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":"014e834cabdaa9dd6f9795f1fef9b974","s":"c87ffd3e9463036a"}