LVMH to acquire Italy's Bulgari
Source: Agencies |
March 8, 2011, Tuesday
|
Print Edition
Print Edition
FRENCH fashion colossus LVMH (Moet Hennessy Louis Vuitton) is adding another jewel in its crown.
The Paris-based holding company behind luxury brands Christian Dior, Dom Perignon and Guerlain has agreed to buy Rome-based jeweler Bulgari SpA in a cash-and-shares deal that will see Bulgari's founding family become the second largest family shareholders in LVMH.
LVMH said in a statement it will exchange 16.5 million of its own shares for the 152.2 million shares in Bulgari owned by the company's founding family.
LVMH will offer the remaining Bulgari shareholders 12.25 euros (US$17.10) per share in a public offering.
Bulgari, the smallest among the major luxury watch and jewelry makers, was started in 1884 by Sotirios Bulgari.
The Paris-based holding company behind luxury brands Christian Dior, Dom Perignon and Guerlain has agreed to buy Rome-based jeweler Bulgari SpA in a cash-and-shares deal that will see Bulgari's founding family become the second largest family shareholders in LVMH.
LVMH said in a statement it will exchange 16.5 million of its own shares for the 152.2 million shares in Bulgari owned by the company's founding family.
LVMH will offer the remaining Bulgari shareholders 12.25 euros (US$17.10) per share in a public offering.
Bulgari, the smallest among the major luxury watch and jewelry makers, was started in 1884 by Sotirios Bulgari.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
