Wednesday, March 18, 2015

Italian Brand Bulgari Sold for Tidy Sum

(Reuters) –

French luxury group LVMH (LVMH.PA) is buying Italian peer Bulgari (BULG.MI) for 3.7 billion euros ($5.2 billion), adding luster to its jewelry business and broadening its exposure to emerging markets.

“Bulgari is one of the best known jewelry brands in the world, with lots of potential to grow on the back of LVMH’s global distribution reach and financial muscle,” Bernstein luxury analyst Luca Solca said.

Read full article at: Reuters