PARIS -- Luxury-products maker LVMH Moet Hennessy Louis Vuitton said Monday its Louis Vuitton SA subsidiary has acquired the Kenzo company from SEBP and Financiere Truffaut for about $80 million.
LVMH said the acquisition of Kenzo, a women's apparel and accessories manufacturer, gives its Louis Vuitton unit -- which makes luggage and leather goods, as well as the Givenchy and Christian Lacroix fashion lines -- a stronger position in fashion and accessories.
Kenzo's sales last year totaled about $144 million.
LVMH's brands include Dom Perignon, Moet & Chandon, Veuve Clicquot, and Pommery champagnes; Hennessy and Hine cognacs; Louis Vuitton luggage and leather goods; Givenchy and Christian Lacroix couture; and Christian Dior, Christian Lacroix, Givenchy and Roc perfumes and cosmetics.
