LVMH acquire 50% stake in Acqua di Parma

28th September, 2001

LVMH have acquired a 50% stake in Italian company, Acqua di Parma. New fragrance development will be placed under the direction of LVMH, who also own brands such as Guerlain, Dior and Givenchy.

The agreement also says that retail stores for Acqua di Parma will be opened and the product lines will be extended.

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