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":"c2f1ece20a9777197ce22149c9e624dd","s":"4b22f93a6d899589"}