![[Acquisition Alert] LVMH acquires Officine Universelle Buly 1803 image](https://franchiseindia.s3.ap-south-1.amazonaws.com/uploads/content/fi/art/615da08b53697.jpeg)
Luxury group LVMH has acquired French perfume and cosmetics company Officine Universelle Buly 1803 and is planning to expand it abroad, adding to its sprawling empire of high end labels.
This development 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.
Buly currently operates over 25 stores around the world and LVMH plans to grow the company. The terms of the deal were not disclosed.
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