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LVMH Acquires Perfumes and Cosmetics Brand Officine Universelle Buly

By Giulia Petroni

 

LVMH Moet Hennessy Louis Vuitton SE said Tuesday that it has acquired perfumes-and-cosmetics brand Officine Universelle Buly.

The French luxury-goods giant said the Parisian brand will join the group alongside 75 other maisons after having been assisted for nearly four years by minority investment fund LVMH Luxury Ventures.

Financial details of the deal weren't disclosed.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

October 05, 2021 12:33 ET (16:33 GMT)

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