Abstracts » Business, international

LVMH is nearing sale of Omas pen business

Article Abstract:

Luxury goods company LVMH Moet Hennessy Louis Vuitton S.A. will exit the writing implements market with the sale of its Omas pen unit to Xinyu Hengdeli Holdings Ltd., a Hong Kong-based watch distributor. LVMH will retain a 10% stake, with Xinyu purchasing a 90% stake. No financial details were available regarding the deal.

Private Households, Watches, clocks, watchcases & parts, Stationery stores, Consumer Exp-Stationery,Writing Suppl, Clock and watch industry, Watch industry, LVMH Moet Hennessy Louis Vuitton S.A., Writing materials, Writing

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L'Oreal is looking to buy Indian brand

Article Abstract:

French personal care products company L'Oreal S.A. is planning to acquire an Indian skin-care product line , according to CEO Jean-Paul Agon. L'Oreal hopes to increase its presence in India, and also hopes to introduce Indian ayur veda products to the world.

Marketing procedures, Management dynamics, Executive changes & profiles, Toilet preparations, India, Global Marketing, Management, Officials and employees, Toiletries industry, Company business management, L'Oreal Paris, International marketing, Agon, Jean-Paul

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Prada sells Helmut Lang brand to Japan's Link Theory Holding

Article Abstract:

Prada Holding N.V. of Italy has sold its Helmut Lang brand to Link Theory Holding of Japan. The luxury goods company has not been able to develop two of its smaller labels successfully. Helmut Lang earnings were 24.8 million Euros ($30.2 million) in 2004.

Italy, Japan, Prada Holding N.V., Company overview

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