French luxury goods conglomerate LVMH [1] and Maison Francis Kurkdjian have decided to join forces in order to pursue the long-term development of the young niche fragrance house. Financial terms of the deal were not disclosed. However, the agreement provides that LVMH will acquire a majority share in Maison Francis Kurkdjian, while co-founders Marc Chaya and Francis Kurkdjian will remain shareholders in the company and will continue in their current roles as Chief Executive Officer and Creative Director, respectively.
Maison Francis Kurkdjian was founded in 2009 with the ambition to create contemporary and atypical fragrances while remaining consistent with the traditional excellence, savoir-faire and audacity of French perfumery. The House’s fragrance collection is conceived as a “fragrance wardrobe”.
Maison Francis Kurkdjian is currently present in 40 countries. “The acquisition by LVMH of a majority interest in Maison Francis Kurkdjian will allow the fragrance House to pursue its growth, in particular in international markets, fully respecting its distinctive character, uncompromising quality standards and creative freedom,” says LVMH in a release.
