Pursuitist
Now Reading
LVMH adds Italy’s Bulgari to its portfolio
Pursuitist

LVMH adds Italy’s Bulgari to its portfolio

Pursuitist Luxury Best Luxury Blog

LVMH, the world’s leading luxury retailer, will purchase Bulgari for $3.4 billion.

Italy’s Bulgari makes high end jewelry, and the move will strengthen LVMH’s jewelry and watches division – areas where LVMH was relatively weak.

Bulgari was founded in 1884, and is the 3rd largest jewelry maker in the world, behind Cartier and Tiffany.

The deal will give shareholders a 63% premium on Bulgari’s price as of last Friday.

See Also

The move continues LVMH’s expansion trend, including recently purchasing greater shares of Hermes.

 



Pursuitist.com is an award-winning 5-star luxury travel & lifestyle blog showcasing luxury cars & drives, fashion & style, gear, real estate, travel, and food & drink.
© 2022 Pursuitist. All Rights Reserved. Site By Parr Interactive.

Scroll To Top