News

Regulator fines LVMH EUR 8 million

09/07/2013

As anticipated, France’s stock market regulator has imposed a heavy fine on luxury group LVMH for what it said was a lack of openness in the group’s strategy of building up a stake in rival luxury leathergoods brand Hermès, starting in 2010. The regulator fined LVMH EUR 8 million at the start of July for what it said was the “seriousness of the...

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