Luxury goods group LVMH to pay 10m euros over spying activities


French luxury goods group LVMH, whose wayward security service led by former domestic intelligence chief Bernard Squarcini was revealed to have spied on companies and people, including a leftwing documentary maker whose film was sharply critical of LVMH boss Bernard Arnault, has reached a 10 million-euro settlement with Paris prosecutors which effectively ends further legal action against it.

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The French luxury behemoth LVMH will pay 10 million euros ($11.3 million) to settle claims that it hired France's former domestic intelligence chief to spy on private citizens, in particular on a filmmaker who made a widely popular documentary targeting the group's CEO, reports FRANCE 24.