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Article: LVMH MAY SELL SOLSTICE.(LVMH Moet Hennessy Louis Vuitton in talks to sell the six-unit sunglass chain with headquarters in San Francisco)(Brief Article)
- Article from:
- WWD
- Article date:
- January 14, 2002
- Author:
CopyrightCOPYRIGHT 2002 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- LVMH Moet Hennessy Louis Vuitton may be slimming down its Selective Distribution Group, after all.
The company is in talks to sell Solstice, the six-unit sunglass chain with headquarters in San Francisco, to the Safilo Group, according to industry sources.
LVMH launched Solstice in 1999 under the group's umbrella, which also includes the Sephora cosmetics chain. In recent months, speculation has been mounting that LVMH was looking to sell the beauty division, with Germany's Douglas often touted as a possible buyer, as reported.
While LVMH has denied a desire to sell any divisions, market sources said the deal with Safilo was ...