LVMH sells Christian Lacroix ( Watches ) company.

27 february 2005

Article by: TheCosmeticSite.com LVMH Moët Hennessy Louis Vuitton, a leading luxury products group, announced it has sold Christian Lacroix to the American luxury duty-free retail group owned by the Falic family. The Falic Group offer, which has been accepted by LVMH, relates to all of the Lacroix company activities, including the haute couture and the ready-to-wear businesses. This transaction is consistent with LVMH?s stated strategy of focusing on those leading brands with the highest growth potential. Bernard Arnault, the President of LVMH, hopes that Christian Lacroix?s great talent continues to show itself in its original and creative manner. Article by: TheCosmeticSite.com