By  on September 20, 2010

PARIS — French contemporary brands Sandro, Maje and Claudie Pierlot are growing their thriving family.

Groupe SMCP, which controls the three brands, has agreed to sell a 51 percent stake to L Capital, the private equity arm of LVMH Moët Hennessy Louis Vuitton, the luxury group headed by Bernard Arnault, and Florac, an investment fund owned by the Louis-Dreyfus family, the three parties said Monday.

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