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":"fc46171189093810bcf73c158e95e02e","s":"1c35eb395bcc89ae"}