Grocery retailer Louis Delhaize has acquired a majority stake in France-based Monnier Frères, an online women’s luxury accessories shop, food magazine Linéaires has reported.

Louis Delhaize paid e3.5m (£2.8m) for the stake and is to invest another e3.5m in developing the business internationally, especially in the US and Asia. At present Monnier Frères operates in 25 countries.

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