LVMH
This article was originally published in The Rose Sheet
Executive Summary
Majority stake in Make Up For Ever acquired by LVMH in a transaction worth just under $10 mil. Co-founders of the Paris-based makeup artist business, Jacques Waneph and Dany Sanz-Davalifias, will remain with the company. Make Up For Ever generates annual sales of $10 mil. In the U.S., the 1,000-SKU lineup is available at the company's free-standing SoHo store and in Barneys New York. The firm also operates a Parisian retail store and distributes the brand in Canada, Japan and Korea. LVMH plans to speed up the brand's overseas launch schedule and expand distribution