LVMH says will not appeal AMF fine

Reuters

PARIS (Reuters) - Luxury goods group LVMH (PAR:MC) said on Tuesday it had decided against appealing a disciplinary decision imposed by France's markets watchdog AMF in relation to LVMH's stake-building in rival Hermes (PAR:RMS).

In July, the AMF fined LVMH 8 million euros (6.7 million pounds) for failing to properly disclose its stake-building in rival Hermes (PAR:RMS) before 2010.

(Reporting by Dominique Vidalon; Editing by Lionel Laurent)

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