LVMH sells Tajan

LVMH, Moët Hennessy Louis Vuitton, the world’s leading luxury products group, has sold its majority interest in the auction house Tajan to Rodart. This transaction reflects LVMH’s strategy of focusing on its core business. In a difficult environment, Etude Tajan generated annual revenues approximately equal to those of the previous year, and thus strengthened its position as a key player in the art market. LVMH, which retains a minority stake in Tajan, wishes the Rodart company great success moving forward.