 Their sentence was reduced by the Paris Court of Appeal to six months imprisonment, already served while in custody.After their fraudulent bankruptcy, Chaumet was bought in 1987 by Investcorp, a leading Bahrain-based investment bank.The company lost 10 million francs in 1995–1997, but became profitable again in 1998, with a revenue of 280 million francs, and was bought by LVMH in October 1999.