You are hereLVMH Buys E-commerce Site Sack’s To Expand Sephora Into Brazil

LVMH Buys E-commerce Site Sack’s To Expand Sephora Into Brazil


By www - Posted on 02 July 2010

Luxury products giant LVMH (Moët Hennessy Louis Vuitton) has reached an agreement to acquire a 70%, controlling stake in Sack’s, a Brazilian online retailer of fragrances, cosmetics and toiletries.

The terms of the acquisition were not disclosed.

With the acquisition, LVMH aims to expand its Sephora subsidiary into the Brazilian perfumes and cosmetics market, reportedly one of the largest and fastest-growing beauty markets worldwide. Initially online only, but also in physical stores over time, according to the press release.