LVMH completed the acquisition of Officine Universelle Buly.

LVMH, a French multinational luxury goods conglomerate, completed the acquisition of Officine Universelle Buly, a luxury perfumes and cosmetics producer. Financial terms were not disclosed. "Buly perfectly matches the philosophy that we find in the Maisons of the LVMH Group, combining an unparalleled heritage, craftsmanship and a unique experience in exceptional boutiques. Its refined products enjoy a significant success around the world and we will do everything we can to ensure that this great family entrepreneurial adventure, led by Victoire de Taillac and Ramdane Touhami, continues to grow within the LVMH family," Bernard Arnault, LVMH Group Chairman and CEO.