Legal Notice

Legal Notice and Terms and Conditions of Use of the Website

Last Update: January 2025

I. Legal Notice

LVMH Luxury Ventures Advisors

SAS with a share capital of EUR 917,000

24-32 rue Jean Goujon, 75008 Paris, France

Phone: +33 1 44 13 22 22

R.C.S. Number: Paris 909 816 985

Orial Registration Number: 23001856

NAF Code: 70.22Z

The https://www.lvmhluxuryventuresadvisors.com website (hereinafter the “Website”) is published by LVMH Luxury Ventures Advisors (hereinafter “LLVA”), a French simplified joint-stock company ("Société par Actions Simplifiée") with a share capital of EUR 917,000, located at 24-32 rue Jean Goujon, 75008 Paris, France, registered with the Paris Trade and Companies register under number 909 816 985, which is a French financial investment advisor ("Conseiller en Investissements Financiers") registered with the French financial, banking and insurance intermediaries Register (ORIAS) under number 23001856. LVMH Luxury Ventures Advisors is member of ANACOFI-CIF, a French professional association duly authorised by the French Financial Markets Authority ("Autorité des Marchés Financiers"). LVMH Luxury Ventures Advisors is supervised by the French Financial Markets Authority ("Autorité des Marchés Financiers", http://www.amf-france.org).

LVMH Luxury Ventures Fund I is an investment fund (a professional specialized fund formed as a limited partnership (“Société de Libre Partenariat”) governed by articles L. 214-162-1 et seq. of the French Monetary and Financial Code) sponsored by the LVMH Group aiming at investing minority stakes in companies in the luxury sector. LVMH Luxury Ventures Fund I is managed by FundPartner AM, acting as its Management Company (“Société de Gestion”), a French portfolio management company duly authorised by the French Financial Markets Authority (“Autorité des marchés financiers” – "AMF"). The LVMH Luxury Ventures Fund I is a dedicated fund and its shares are not marketed.

Publishing Director: Julie Bercovy, President of LVMH Luxury Ventures Advisors

Hosted by: Akamai Technologies SARL

Address: 40-44 Rue Washington, 75008 Paris, France

Trade and Companies registration number: 429 429 269 R.C.S. Paris

Telephone: +33 1 56 69 62 00

Designed and created by: Bonjour Paris & Lovelace Studio

II. Terms and Conditions of Use

1. Purpose of These Terms and Conditions of Use

These Terms and Conditions of Use (hereinafter the “T&Cs”) govern the access to, and use of, the Website content.

The purpose of these T&Cs is to set out the terms and conditions for using the Website, as well as the rights and obligations of any user who accesses, browses, or visits the Website (hereinafter the “User” or “Users”).

By accessing the Website, the User agrees that, every time he visits the Website, he will comply with these T&Cs, which apply to all services available on the Website. Therefore, the User must unreservedly agree to these T&Cs in their entirety, before using the Website. If the User does not agree, he shall not use the Website.

LVMH reserves the right to update or modify the Website information and content, including these T&Cs, at any time without prior notice. All such changes shall become effective upon publication. The User, accessing the Website after the changes are posted online, shall be deemed to accept such changes, without reserve nor restriction. In order to be informed of such changes, it is recommended that the User regularly refers to the last version of the T&Cs available on the Website. However, the User will be notified of any significant changes to these T&Cs.

2. Access to the Website

Access to the Website is free of charge. The User shall be solely liable for all costs in connection with accessing and using the telecommunications network, in accordance with the terms determined by his Internet service providers and telecommunications operators.

3. Intellectual Property

The entire Website is subject to international laws relating to copyright, trademarks and, more generally, intellectual property, both as regards its form (choices, sitemap, arrangement of contents, means of accessing data, database or any organization of data, etc.) and each element of its content (trademarks, texts, images, videos, etc.). Such content, featured on the Website pages, is the sole property of LLVA or its contributors. LLVA or its contributors do no grant any license to the User or any right other than the right to view the Website.

The reproduction of any content published on the Website is authorized for information purposes only and for a personal and private use. Any reproduction, retrieval and/or use of content for any other purposes are expressly prohibited and may result in the civil or criminal liability of the User. Hyperlinks to any of the Website pages or content cannot be created without LLVA’s prior written consent. Such consent may be revoked at any time. LLVA does not have control over web sites that contain links to the Website or to its content, and it shall therefore incur no liability (including editorial liability) for any access to, or content of, such web sites.

The Website may include links to other web sites or Internet sources. To the extent that LLVA has no control over such web sites or external sources, LLVA may not be held liable for the availability of such sites and external sources and excludes all liability with regard to the content, ads, products, services or any other information or data available on or from such web sites or external sources. In addition, LLVA may not be held liable for any alleged or actual damages or losses incurred as a result of or in connection with the use of, or reliance on, the content, goods or services available on such web sites or external sources

4. Remuneration Policy

4.1 Regulatory References (French)

Règlement Général de l’AMF: Article 325-6, Articles 325-14 to 325-16, by reference Articles 314-13 à 314-20 and Articles 325-29.

Position-Recommandation AMF n°2013-10: Rémunérations et avantages reçus dans le cadre de la commercialisation et de la gestion sous mandat d’instruments financiers. Position-Recommandation AMF n° 2006-23: Questions-réponses relatives au régime applicable aux conseillers en investissements financiers.

Position-Recommandation AMF n°2006-23: Questions-réponses relatives au régime applicable aux conseillers en investissements financiers.

COMMISSION DIRECTIVE 2006/73/EC of 10 August 2006 implementing Directive 2004/39/EC of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive: Article 26.

DIRECTIVE 2011/61/EU OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010.

Code monétaire et financier: Article L.533-12-4 (par renvoi), Article R.519-25 et R.519-26, Article L.519-1 and following, Article L.541-1 and following.

4.2 LLVA Obligations

LLVA remuneration policy complies with the guidelines and interpretations published by national and European regulatory authorities.

LLVA does not remunerate or evaluate the performance of its employees in a way that contravenes its obligation to act in the best interests of its clients. It thus ensures that the remuneration policy is aligned with the interests of the advisor's clients.

LLVA does not make any arrangements in the form of remuneration, sales targets or else that might encourage employees to recommend a financial instrument to a client when they could offer another financial instrument better suited to that client's needs.

The remuneration policy is reviewed on a regular basis and adapted in line with regulatory developments and those of LLVA.

5. User’s Obligations and Liability

    The User agrees not to:

  • use or allow the Website to be used in an improper manner, for any unlawful, fraudulent, or malicious purposes, including, without limitation, by (i) hacking the Website or introducing any malware, viruses, or harmful data into the Website or any operating system, (ii) using a spider or any other system, mechanism, or program (automated or not) to extract data or information from the Website or LLVA’s servers, (iii) sending or storing documents containing viruses, worms, Trojan horses, or other harmful computer codes, files, scripts, agents, or programs, (iv) interfering with or harming the integrity or performance of the Website and the data it contains, (v) trying to gain unauthorized access to the Website, its systems, or related networks, and (vi) trying to gain unauthorized access to the accounts or personal information of other Users;
  • use the Website in any manner other than as provided for in these T&Cs or in a manner that infringes the intellectual property rights of LLVA or its contributors or LLVA’s reputation;
  • use the Website in a manner that may damage, disable, overload, disrupt or compromise the operation or security of the Website.

The User agrees that he is solely liable for his use of the Website and the resulting consequences of such use.

The User shall keep his ID and password strictly confidential. The User shall not share them in any way with a third party to permit access to the Website. The User is solely responsible and liable for any activities carried out from his user account, including by any unauthorized user.
LLVA can take any measure, at any time and for any reason whatsoever, to cease, without any prior notice, the use of the Website by the User who may infringe these T&Cs, without prejudice to any damages that LLVA reserves the right to claim to the User in this respect.

6. LLVA’s Liability

LLVA will make its best efforts to ensure that the information published on the Website is accurate and up-to-date. LLVA reserves the right to correct such information at any time without prior notice.

    To the maximum extent permitted by applicable law, LLVA shall not be held liable for:

  • any ambiguity, inaccuracy, or omission concerning the information available on the Website; or
  • any damages arising from any third-party intrusion that may alter the information published on the Website or prevent access to the Website.

Likewise, LLVA makes no warranties that the Website will operate without interruption, bugs, or viruses. In this regard, the User represents that he accepts the Internet’s features and limitations.

7. Avaibility — Maintenance

LLVA will make its best efforts to maintain a reasonable level of the Website operation and availability. LLVA reserves the right to limit Users’ access to, and use of, the Website, at any time without prior notice, to conduct maintenance operations or make changes. LLVA shall not be held liable in the event of any access interruption due to such maintenance or update operations.

8. Personal Data

LLVA protects the personal data of the Website’s Users by not processing nor collecting any.

9. Application Law — Allocation of Jurisdiction

These T&Cs shall be governed by French law.

Any disputes that may relate to or arise from these T&Cs shall be referred to the exclusive jurisdiction of French courts.

10. Language

These T&Cs have been prepared in English. In the event they are translated into one or more languages, only the English version shall prevail in case of dispute.

11. Mediation

If needed, AMF mediator can be reached at the following contact details:
Autorité des Marchés Financiers
Le Médiateur
17 place de la Bourse 75082 Paris Cedex
https://www.amf-france.org/fr/le-mediateur