This article was originally published in The Rose Sheet
Italian fragrance chain, Carmen, acquired as part of LVMH division's strategy to strengthen its position in the country, the company says July 28. Carmen operates 27 stores in central and southern Italy and expects to report sales of $26.1 mil. (28 mil. Euro) in 2000. Sephora has a 10% hold in the Italian market; the retailer purchased the Laguna and Boidi chains earlier this year (1"The Rose Sheet" Feb. 28, In Brief)
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Italian perfume and cosmetics company Boidi acquired by specialty beauty chain. Headquartered in Turin, Italy, Boidi generated revenues of approximately $16.6 mil. in 1999 (32 bil. Lira), according to the company. The deal, which includes 19 retail boutiques, will strengthen Sephora's position in the Italian market, LVMH says. The Boidi acquisition comes on the heels of the LVMH purchase of Laguna, another Italian perfumes and cosmetics distribution chain
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