Galeries Lafayette buys majority stake in jeweller Mauboussin
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PARIS (Reuters) - France's Galeries Lafayette on Friday announced it was joining forces with Mauboussin chairman Alain Nemarq to buy a majority stake in the jeweller, as the upmarket department store strengthens its roster of premium but affordable jewellery. The deal, whose financial terms were not disclosed, follows Galeries Lafayette's 2012 acquisition of French jeweller Guerin, the company said.Mauboussin, which has 75 stores in France and abroad, annual sales of 80 million euros and an..