MILAN — Orlando Italy has acquired the perfumery chain La Gardenia SpA from a private equity firm Bridgepoint.
With 50 percent of Limoni SpA already in its portfolio, the addition of La Gardenia positions Orlando Italy’s newly founded Leading Luxury Group, or LLG, as the country’s largest cosmetics retail chain, covering 53.3 percent of the Italian perfumery market through 590 doors, with consolidated turnover of 370 million euros, or about $505 million at current exchange rates.
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