Acquired
Hermès
David Rosenthal
But meanwhile, there are all sorts of lawsuits going on, particularly around how LVMH amassed this stake in secret with the equity swaps. It was basically illegal, right? Well, in 2014, the French court rules that this was illegal. LVMH has to pay a fine, I believe like a $10, $15 million fine for having done this. Pennies. Yeah, right. As we'll see, it's truly pennies.
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