In Brief: LVMH/Sephora
This article was originally published in The Rose Sheet
Executive Summary
LVMH/Sephora: Moet Hennessy Louis Vuitton acquires Paris-based fragrance and beauty products retailer Sephora for about $258.7 mil. (FFr 1.6 bil.), LVMH announced July 23. Sephora is the leading fragrance and beauty retailer in France and the second largest in Europe with sales of $221.5 mil. (FFr 1.37 bil.), LVMH said. With the deal, LVMH becomes the world's leading distributor of fragrances and beauty products, according to the company. Sephora operates 54 retail stores worldwide; the company plans to open 30 doors in France over the next four years and 20 additional stores in other parts of Europe...