Galeries Lafayette takes controlling stake in Mauboussin

Note: This section contains information in English only.
Source: Dukascopy Bank SA
On Friday, France's Galeries Lafayette stated it had tied up with Alain Nemarq, the chairman of Mauboussin, to acquire the majority stake of the jeweller, not disclosing the financial terms of the deal that should be cleared by France's Competition Authority.
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