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.
The FASHIONENTLAW Blog features legal insights, commentary, and analysis on contracts, intellectual property, business disputes, media, fashion, entertainment, and emerging issues shaping the creative industries.
Authored by Uduak Oduok professionally known as Ms. Uduak, a California fashion and entertainment lawyer with over 24 years of legal experience, the blog is designed for informational purposes only and does not constitute legal advice or create an attorney-client relationship.
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