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":"689d8242c7c45e1c7493cfb5d4abaa30","s":"101316b2a658ea07"}