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":"56d2f14404fa03ee44deed97860374cb","s":"29eeead30e498623"}