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Europe Daily Bulletin No. 7659

19 February 2000
Contents Publication in full By article 32 / 38
ECONOMIC INTERPENETRATION / (eu) luxury goods

LVMH, owned by French businessman Bernard Arnault, has paid an undisclosed amount for 67% of the Italian fashion house PUCCI (annual sales estimated at USD 7 million); the remaining 33% stake is owned by the Pucci family. The Italian firm's activities will be consolidated into the fashion and leather-goods branch of the French group.

Contents

THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
ECONOMIC INTERPENETRATION