By  on October 6, 2008

PARIS — Sephora SA has acquired a 45 percent stake in Russian selective perfumery chain Ile de Beauté, the LVMH Moët Hennessy Louis Vuitton-owned retailer announced Friday.

As part of the deal, Sephora will have the option to become a majority shareholder in the chain “over time,” the company stated. Ile de Beauté will count about 100 doors by the end of the year.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus