PARIS : Luxury group LVMH has purchased French perfume and cosmetics company Officine Universelle Buly 1803 with an eye to expanding it abroad, adding to its sprawling empire of high end labels.
The purchase comes four years after the group's initial investment in the perfumer, through its minority investment fund LVMH Luxury Ventures, the group said in a statement. The historic label was relaunched by Ramdane Touhami and Victoire de Taillac in 2014 and sells perfumes, scented candles and lacquered toothbrushes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Evergrande's debt storm batters more Chinese property companies' bondsLONDON : Kaisa Group , Central China Real Estate and Greenland became the latest property companies to see their bonds battered by uncertainty surrounding debt troubles at China Evergrande.Frantic selling broke out after mid-sized developer Fantasia Holdings missed a bond payment on Monday. Fanta
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Maintenance error caused Facebook's 6-hour outage, company says:Routine maintenance on Facebook's network stitching together its data centers caused Monday's collapse of its global system for more than six hours, the company said on Tuesday.The outage was the largest that Downdetector, a web monitoring firm, said it had ever seen. It blocked access to apps for billions o
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Director of freight company fined S$105,000 for offences, including evading GSTSINGAPORE: A freight forwarding company director was fined S$105,000 last week for fraudulently evading the payment of Goods and Services Tax (GST), as well as for abetting a consignee to furnish false information to Singapore Customs. Tang Yong Hoe, 43, is the
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »