By  on June 29, 2013

SELL OFF: Francesco Trapani has sold LVMH Moët Hennessy Louis Vuitton shares worth nearly 13 million euros, or $17 million at current exchange, according to filings to French market watchdog L’Autorité des Marchés Financiers, or AMF.

On June 17, the president of LVMH’s watches and jewelry division and Bulgari’s former chief executive officer and great-grandson of the brand’s founder, Sotirio Bulgari, sold 3.2 million euros, or $5 million, worth of shares.

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