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LVMH Luxury Ventures Fund, the conglomerate’s investment arm, has taken a minority stake in niche French fragrance brand BDK Parfums, the two companies announced Monday. Exact financial terms were not disclosed.
The deal is the first investment for BDK, which was founded in June 2016. In a statement, brand founder David Benedek said that the investment will allow BDK to further expand into key retail markets internationally. He added that LLV will “support the brand without interfering in…
