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LVMH sells its Celine stores

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LVMH Moet Hennessy Louis Vuitton SA, the biggest luxury-goods maker, has sold its Celine stores in Southeast Asia to influence its partner to accelerate the brand’s expansion in a region with fewer stores than in China.

The seven stores in Southeast Asia, under the brand known for the Boogie Bag, as well as the rights to expand the retailer in the region, were bought by FJ Benjamin Holdings. There are 90 Celine stores in Asia.

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