LVMH Takes Over Bulgari in $6Billion Merger Deal

In Industry News by FASHIONENTLAW™

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Fashion Lover reports the LVMH-Bulgari $6billion deal.

“Nor John Galliano’s firing from Dior, neither LVMH attempt to invest in Hermès fiasco won’t stop LVMH’s Bernard Arnault doing business as usual, expanding his luxury kingdom.

In a transaction totaling at $6.01 billion, LVMH acquired a 50.4 percent stake in the Italian jewelry brand Bulgari. Also a family owned company, the Bulgari clan, unlike Hermès, welcomed the LVMH deal, realizing the growth potential for the brand.

The deal, in fact, works out perfectly for both parties – significantly increasing LVMH’s jewelry division and giving Bulgari capital and means to expand it’s product categories. Despite starting out as a jeweler, Bulgari now also has handbags and just a few weeks ago announced a new fragrance Mon Jasmin Noir.”

Full story on Fashionlvr.com.

Uduak Oduok (Ms. Uduak) is a Partner and Co-Founder of Ebitu Law Group, P.C. where she handles her firm’s fashion and entertainment law practice areas. Ms. Uduak has litigated a wide variety of cases in California courts. She has also handled a variety of entertainment deals for clients including network television and licensing deals. Her work and contributions to the creative industry has been recognized by numerous organizations including the National Bar Association, and featured in prestigious legal publications in the USA: ABA Journal and The California Lawyer Magazine. She is also the author of Fashionentlaw™ and also has over two decades combined hands on industry experience in the creative industry which includes modeling, retail, fashion production, public relations, digital media, journalism and publishing. For further inquiries or if you are seeking legal representation, please email (uduak@ebitulawgrp.com). You may also follow her on twitter at @uduaklaw

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