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LVMH buys perfume company Officine Universelle Buly 1803 By Reuters

by Mike Robinson

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© Reuters. A logo of the luxury group LVMH is displayed prior to the release of 2019 results. This was taken in Paris (France), January 28, 2020. REUTERS/Christian Hartmann/Files

PARIS (Reuters). Luxury brand LVMH purchased Officine Universelle Buly1803 in France to expand its global reach and add to its vast collection of luxury labels.

According to a statement, this purchase is four years after the initial investment of the group in the perfumer through its minority investment fund LVMH Lux Ventures.

Ramdane Touhami & Victoire de Taillac launched the label again in 2014, selling perfumes, scented candles, and lacquered toothbrushes.

The financial details of this transaction are not available.

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