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Business News/ Companies / LVMH to expand Sephora beauty branch into Brazil
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LVMH to expand Sephora beauty branch into Brazil

LVMH to expand Sephora beauty branch into Brazil

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Paris: French luxury goods giant LVMH Moet Hennessy Louis Vuitton says it has acquired a controlling stake in a Brazilian online beauty retailer and that it will expand its Sephora subsidiary into Brazil.

LVMH says it is buying a 70% stake in Sack’s, Brazil’s biggest online seller of perfume, makeup and beauty products.

The Paris-based luxury giant said in a statement Friday that its Sephora cosmetics chain can now “develop its local platform, online and over time in stores."

Meanwhile, Sack’s current management team will “remain in place, and Sack’s will continue to be based in Rio de Janeiro."

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Published: 02 Jul 2010, 04:17 PM IST
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