PARIS: The world’s top luxury company LVMH has taken a minority stake in Italian jeweller Repossi to help it expand its distribution network, the two parties said Monday. “Given the reality of the market and competition today, I have decided to open up the company’s capital and LVMH has taken a minority stake,” said the brand’s creative director, Gaia Repossi, in an interview with the French newspaper Le Figaro. This “consequential” participation in the company will allow the Italian brand, which has two of its own stores in Monaco and Paris, to develop “some locations,” she added. The Repossi collection is sold at 90 locations in the world. Its turnover is estimated at around 15 million euros ($15.8 million; Dh58 million), according to several analysts cited by the newspaper.