The LVMH Luxury Ventures fund has taken a minority stake in the French niche perfume brand BDK Parfums.

This marks BDK’s first opening of its capital since the brand was founded in June 2016. In a statement, the brand’s founder David Benedek said that the investment will enable BDK to continue its expansion in key international distribution markets. He added that LLV “will support the brand without interfering in its creative strategy or operational development, which remain fully independent.”

This investment fund, backed by the LVMH Group, targets minority stakes in iconic or fast-growing brands. The BDO Transaction Services teams carried out the financial due diligence.

Les équipes Transaction Services de BDO ont réalisée la due diligence financière.