LVMH Moet Hennessy Louis Vuitton SA Fined EUR 8 Million Over Hermes International SCA Stake Building-Reuters


Sunday, 30 Jun 2013 08:00pm EDT 

Reuters reported that France's markets watchdog AMF fined luxury-goods group LVMH Moet Hennessy Louis Vuitton SA EUR 8 million (USD 10.40 million) for failing to properly disclose its stake-building in rival Hermes before 2010. LVMH immediately said it planned to appeal the fine.