Hermes LVMH sentenced to € 8 million

The Sanction Commission of the AMF has fined the company LVMH a penalty of € 8 million. This is slightly less than the 10 million euros that had been claimed by the end of May the same college.  was accused LVMH of having failed to inform the market of the preparation of the "rise" of capital ' Hermes and breached its obligation to inform the occasion of the publication of its consolidated financial statements for 2008 and 2009. On the heels of this announcement, LVMH said he was appealing the penalty.