Rameix Says LVMH-Hermes Decision Expected by Summer
(Corrects incorrect text in first paragraph.)
Autorite des Marches Financiers President Gerard Rameix said a decision could be issued in a case over LVMH Moet Hennessy Louis Vuitton SA (MC)’s stake in Hermes International (RMS) SCA by the summer.
Rameix said in a speech in Paris that recommendations have been sent to the sanctions committee.
In October, Rameix said the AMF informed LVMH that its board will recommend its sanctions committee fine the world’s largest maker of luxury goods. A hearing may take place in early 2013, he said at the time.
To contact the reporter on this story: Heather Smith in Paris at firstname.lastname@example.org
To contact the editor responsible for this story: Anthony Aarons at email@example.com