LVMH to acquire majority share in Maison Francis Kurkdjian

French luxury goods company LVMH Moët Hennessy Louis Vuitton has entered into an agreement to acquire a majority share in Maison Francis Kurkdjian.

Following the deal, Marc Chaya will continue as chief executive officer (CEO) and Francis Kurkdjian will continue as the creative director of Maison Francis Kurkdjian. Founded in 2009, the company operates in 40 countries.

Maison Francis Kurkdjian's co-founder Marc Chaya said: “We share the same spirit of creativity, excellence, and entrepreneurial drive as the LVMH Group. This rapprochement is built on a shared vision and we will continue to guide the future of our house as part of an exceptional group.”

Perfumer Francis Kurkdjian has previously designed fragrances in collaboration with multiple LVMH houses such as Acqua di Parma, Christian Dior, Guerlain, and Kenzo. He has also partnered with several artists and pop-up installations.

It is expected that the acquisition will allow Maison Francis Kurkdjian to support its footprint in international markets.

With sales of €4,953m in 2016, LVMH’s perfumes and cosmetics division includes multiple brands such as Christian Dior, Givenchy, Guerlain, Benefit Cosmetics, Fresh, and Make Up For Ever.

Financial details of the acquisition have not been disclosed.

---

Image: Maison Francis Kurkdjian fragrance. Photo: courtesy of Nathalie Baetens/LVMH Group.