March 27 (Reuters) - The Italian competition authority AGCM said on Friday it had launched two investigations into LVMH-owned entities in Italy, citing unfair commercial practices linked to the premature use of adult cosmetics among minors.

AGCM officials, together with the Italian financial police, carried out inspections at the premises of Sephora Italia, LVMH Profumi e Cosmetici and LVMH Italia on Thursday, the authority said.