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Haute Living
Los Angeles
March/April 2012
Haute Time: Bulgari Family Sells LVMH Stock
Subsequent to the Bulgari family selling their shares of French luxury group LVMH, sales dropped 3.5%. The family was under guidance from the same financial consultant who acted as their counselor when they sold the Bulgari ‘family jewels’ to LVMH last year for a 60% premium.
Bulgari vice-president Nicola Bulgari and Bulgari chairman Paolo Bulgari and nephew Bulgari chief executive Francesco Trapani have all let go of their shares. LVMH said that Bulgari noted sound revenue growth in 2011 across all their product categories through their own stores as well as other distribution channels.
Feb 9, 2012 12:17 PM
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French luxury brand Hermès is taking additional measures to ensure that LVMH, who currently owns 22.3% of the company, does not have the opportunity for a takeover. Though LVMH has never confirmed any intent on doing so, Hermès isn’t taking any chances.
An anonymous person tells news sources of a London penthouse that sold for 100 million pounds, which rings in at a stifling $157 million.
LVMH teamed up with Citic Private Equity Funds to acquire a 10 percent stake in the Chinese fashion brand Ochirly, marking the first time that L Capital (the private equity firm of LVMH) has taken a direct stake in a mainland company
Maserati and Bulgari, two of Italy's landmark companies in the automotive and fashion industries have collaborated to create the Bulgari Octo Maserati watch, which sports a staggering design and state-of-the-art mechanic.
As one of the world’s most powerful conglomerates, LVMH is the maker of numerous high-end brands including Louis Vuitton and Moet & Chandon.
The instantly recognizable “Bulgari Bulgari” jewelry collection will soon be re-released with stylish and sophisticated updates made by the luxury brand. The “Bulgari Bulgari” 2012 collection will be first available in Singapore boutiques this June.
We expected nothing but a spectacle from the material girl, her reputation precedes her, after all. The show, which kicked off with a rendition of fan favorite, Vogue, was on point, to say the least. And besides the lights and moving stages that we have come to consider synonymous with Super Bowl ha...
Prada hit the Hong Kong stock market today and, while the Asian luxury consumer market has no problem shelling out the bucks for the Italian brand's coveted goods, there are concerns that Prada’s stock is overpriced. While the firm had said previously that the stock price may rise as high as HK$48...
Creative director of Hermès, Pierre-Alexis Dumas, knows the power of Hermès. Bernard Arnault, who runs Moët Hennessey Louis Vuitton, agrees with Dumas and knowing this power, he hopes to acquire more than Dumas and other executives at Hermès are comfortable with.
Though originally slated to open this month, the Bulgari London Hotel has now announced they should be ready for guests just in time for the Summer Olympics and will be opening their doors on June 1.
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Los Angeles
March/April 2012
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