By  on October 5, 2012

BUYING IN: French accessories e-commerce site Monnier Frères has a new majority shareholder: Belgian multichannel retail group Louis Delhaize.

Delhaize has invested 3.5 million euros, or $4.5 million at current exchange, to take a controlling stake in the firm and will inject a further 3.5 million euros to fuel its expansion, especially in the U.S. and Asia, Monnier Frères stated.

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