Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Autorité Des marchés financiers Enforcement Committee Sanctions LVMH

Date 01/07/2013

In  a  decision handed  down  on  25  June  2013,  the  AMF  Enforcement  Committee  imposed  an €8 million financial penalty on LVMH. The company was accused of failing to inform the market that  it  was  preparing  to  raise  its  stake  in  Hermès  and  of  having  breached  its  disclosure requirements when publishing its consolidated financial statements for 2008 and 2009.

Click here for full details.