By and and  on May 7, 2008

MILAN — Perfume Holdings, a subsidiary of Milan-based investment group Investindustrial, has acquired 72 percent of Selective Beauty, the French manufacturing and distribution company, for an undisclosed sum.

The news follows a WWD report on April 3 that a new investor was set to take a stake in Selective Beauty to replace English private equity firm 3i.

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