This article was originally published in The Rose Sheet
Purchases Laflachere group with recently freed investment funds, the Paris-based company announced Dec. 28. A leading French provider of beauty and hygiene products, Laflachere generated sales of more than $205.7 mil. and held 60 % of the market share. The firm's principal asset is La Brosse et Dupont. In other company news, LVMH Chairman and CEO Bernard Arnault resigned from the board of Diageo, a food and beverage conglomerate, to devote his attention to his "primary responsibilities," LVMH announced Dec. 30. Diageo was formed last year by the merger of Grand Metropolitan and Guiness, and oversees the Pilsbury, Burger King and Johnny Walker businesses
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