LVMH buys perfume company Officine Universelle Buly 1803

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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.