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LVMH Buys Stake in Italian Jeweler Repossi

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French luxury retailer LVMH Moët Hennessy Louis Vuitton has acquired a minority stake in family-run Italian jeweler Repossi for an undisclosed sum. The partnership will enable Repossi to develop its distribution network while benefitting from LVMH’s managerial know-how, the French group said in a statement November 30.

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