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LVMH adds Italy’s Bulgari to its portfolio

LVMH adds Italy’s Bulgari to its portfolio

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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.

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


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