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LVMH buys perfume company Officine Universelle Buly 1803

Published by maria gbaf

Posted on October 6, 2021

1 min read
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LVMH Acquires French Perfume Brand Buly 1803

PARIS (Reuters) – Luxury group LVMH has purchased French perfume and cosmetics company Officine Universelle Buly 1803 with an eye to expanding it abroad, adding to its sprawling empire of high end labels.

The purchase comes four years after the group’s initial investment in the perfumer, through its minority investment fund LVMH Luxury Ventures, the group said in a statement.

The historic label was relaunched by Ramdane Touhami and Victoire de Taillac in 2014 and sells perfumes, scented candles and lacquered toothbrushes.

Financial details of the transaction were not provided.

(Reporting by Mimosa Spencer; Editing by Sonya Hepinstall)

Key Takeaways

  • LVMH acquires Officine Universelle Buly 1803.
  • The acquisition aims to expand Buly 1803 globally.
  • LVMH initially invested in Buly 1803 in 2017.
  • Buly 1803 offers perfumes, candles, and toothbrushes.
  • Financial details of the acquisition were not disclosed.

Frequently Asked Questions

What is the main topic?
The main topic is LVMH's acquisition of the French perfume company Officine Universelle Buly 1803 to expand its global presence.
Who relaunched Buly 1803?
Buly 1803 was relaunched by Ramdane Touhami and Victoire de Taillac in 2014.
What products does Buly 1803 offer?
Buly 1803 offers perfumes, scented candles, and lacquered toothbrushes.

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