FRANCE: LVMH Buys La Samaritaine Department Store
French luxury goods group LVMH has completed its acquisition of Paris-based luxury department store La Samaritaine for FFr1.5bn ($215m). LVMH will firstly acquire a 51 per cent stake for FFr900m ($129m), which may later rise to between 55 per cent –60 per cent through a FFr600m ($86m) capital increase.