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":"cdbbf2f43da7c3fcb304a0a08893645f","s":"8d3f90cff64714d5"}