LVMH Fined $10.4M for Hermès Share Purchases

PARIS, France — France's market regulator is fining luxury conglomerate LVMH Moet Hennessy Louis Vuitton 8 million euros ($10.4 million) for not disclosing its intention to build up a significant stake in handbag and scarf maker Hermès. The AMF said Monday that LVMH was too slow in revealing its stake, which was built by using foreign subsidiaries. Large transactions are supposed to be disclosed quickly since they can affect share prices. LVMH raised its stake in Hermes to 14.2 percent in 2010, to the apparent dismay of the Hermès family. Hermès has accused the luxury giant of insider trading, claims the Paris prosecutor's office is investigating. LVMH, which since increased its stake to 22.3 percent, has called those charges unfounded…

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Photo Diary | Paris Men’s Fashion Week, Day 4: Dior Homme, Miharayasuhiro, Damir Doma, Hermès, Ami, Lanvin

Dior Homme Spring/Summer 2014 | Photo: Sonny Vandevelde

PARIS, France — Concluding Paris Men's Fashion Week, our trusty contributing photographer Sonny Vandevelde brings us backstage imagery from the Dior Homme, Miharayasuhiro, Damir Doma, Hermès, AMI Alexandre Mattiussi and Lanvin shows.

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