Purificacion Garcia news and archive

Puig Group keen to buy LVMH stake in Textile Lonia

Grupo Puig, the Catalonian perfumery group, is keen to acquire the 25 percent stake that LVMH has held up to date in Sociedad Textil Lonia (STL), the Galician company that produces items under the Carolina Herrera and Purification Garcia brands. Both the Dominguez family - which now controls75 percent of the Galician group's capital – and Puig...

Fashion

LVMH ultimates its exit from Textil Lonia SA

The French luxury giant LVMH is finalizing the sale of its 25 percent stake in Textil Lonia SA. The Spanish textile group owns Purification Garcia and Carolina Herrera brands in Spain. Although the operation is being undertaken with the utmost discretion, sourcesclose to the company have revealed that the output of LVMH stake in the company...