date:Jul 01, 2013
LVMH Mot Hennessy - Louis Vuitton, a French multinational luxury goods conglomerate, has bought a majority stake in Milanese coffee house Pasticceria Confetteria Cova for an undisclosed amount from the Faccioli family.
The French retailer intends to expand Cova brand in the international market.
The Faccioli family would remain as managers and minority shareholders, The Wall Street Journal reported.
Launched in 1817, the chain currently operates in markets including Hong Kong, Shanghai and To