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.

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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.

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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.

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