14 February 2012

Bulgari sells 237 mln in LVMH shares-AMF

PARIS - Paolo Bulgari, part of the founding family of the Italian jeweler acquired by French luxury behemoth LVMH last year, has sold 236.55 million euros in LVMH shares, French regulatory watchdog AMF said on Tuesday.

AMF also said that former Bulgari CEO Francesco Trapani -- Paolo Bulgari's nephew -- had sold 22.4 million euros in LVMH shares. (Reporting by Christian Plumb; Editing by Elena Berton)

archives Bulgari

16/05/12
Strong Asia demand keeps Richemont optimistic
...jeweller Bulgari posted upbeat first-quarter results as Chinese buyers flocked to stores in both Europe and Asia. But German fashion house Hugo Boss warned cautious consumer sentiment in China had slowed growth...
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18/04/12
LVMH says Q1 sales up 25 per cent, Asia strong
...jeweller Bulgari, helping to account for a 141 percent rise in reported revenue growth for the quarter in the watches and jewellery division. LVMH, which took the luxury world by surprise in late 2010 by...
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27/02/12
Fashion hotels show jet-setters luxury Italian style
...with a Bulgari hotel opening in London in April and hotels planned by Missoni and Armani for Kuwait, Oman, Cape Town and Marrakesh."American brands are not luxurious or aspirational enough to interest rich...
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6/02/12
Karl Lagerfeld yawns at race for French presidency
...jeweler Bulgari, shrugged off concerns about the global economy with a 22 percent rise in profit from recurring operations to 5.26 billion euros ($6.9 billion) on sales up 16 percent at 23.66 billion. Quizzed...
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11/01/12
Hublot : Ricardo Guadalupe takes the reigns
...career at Bulgari before joining Blancpain (Swatch group). Hublot has been owned by LVMH since 2008.
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12/12/11
Fendi head to become Bulgari CEO
...jeweller Bulgari, an industry source said on Monday.
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2/12/11
Elizabeth Taylor jewelry goes on view before sale
...diamond Bulgari necklace both estimated at between $1 million and $1.5 million.There's even a tiara, also encrusted with diamonds, and estimated to go for between $60,000-$80,000.The scale of the auction is...
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17/11/11
Swiss competition watchdog rebukes perfume industry
...including Bulgari Parfums, Chanel, Coty, L'Oréal Produits de Luxe, Parfums Christian Dior, Richemont and 22 others. ASCOPA, an industry association with 40 members representing and distributing over 180...
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18/10/11
LVMH confident on 2011 as Q3 sales rise
...jeweller Bulgari, which it bought earlier this year and whose results were consolidated for the first time during the third quarter. Nine-month sales jumped 76 percent at the group's watch and jewellery...
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26/09/11
Shanghai's young high rollers splurge on luxury
...Boss to Bulgari -- compete to attract the attention of Shanghai's wealthy."We don't feel the impact of the crisis," says the director of the Tod's store, who only identified herself as...
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22/09/11
Luxury shoemaker Ferragamo in jewellery debut
...Gianni Bulgari -- a scion of the Bulgari jewellery dynasty in Italy -- the collection will go on sale in October at 18 selected stores in Asia, the United States and Europe.Prices range between 300 euros (262...
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8/08/11
LVMH says Bulgari offer approved by Italy's Consob
...offer for Bulgari which valued the Italian jeweller at 3.7 billion euros ($5.27 billion).
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27/07/11
PPR eyes Brioni for around 350 mln eur - sources
...group Bulgari (BULG.MI) was bought by French group LVMH (LVMH.PA) this year. French dairy group Lactalis also sealed a takeover of Parmalat (PLT.MI), Italy's biggest listed food group. A financial advisor...
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26/07/11
LVMH set to dazzle with first-half figures
...jeweller Bulgari this year.In particular, LVMH is likely to be questioned about its intentions regarding Hermes, in which it has built up a stake of more than 20 percent.PPR, another LVMH rival which owns several...
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24/07/11
Italian regulator examining Bulgari bid complaint
...jeweller Bulgari , a Consob spokesman said on Sunday.
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13/07/11
China and M&A keep luxury stocks strong
...Italian peer Bulgari and Belloni said that this may be just the beginning of a string of mergers and acquisitions in the sector. "I do believe that there will be a lot of M&A activity in future,"...
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30/06/11
EU clears LVMH takeover of luxury rival Bulgari
...rival Bulgari, creating a jewellery behemoth challenging Cartier and Tiffany.
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14/06/11
Prada succession worries potential IPO investors
...jeweller Bulgari, mainly owned by two brothers in their 70s, sold out to LVMH while taking board representation at the French company. "He (Bertelli) said that listing is the first step to show Prada is not a...
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8/06/11
Hermes soaring valuation sparks new LVMH talk
...Italy's Bulgari, which Arnault's champagne to leather goods empire LVMH agreed to buy in March at a 60 percent premium. An LVMH spokesman declined to comment, but some investors and bankers wonder...
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23/05/11
Hua Nan Fund to keep core holdings in LVMH, PPR
...jeweler Bulgari SpA said this month that it was looking to drive expansion in fast-growing markets from the merger with LVMH this year, after booming Asia lifted first-quarter profit. Tsai said she would hold onto...
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archives LVMH

21/05/12
LVMH looks to burnish Vuitton mystique and buoy sales
...giant LVMH is struggling to retain its image as exclusive and high-end creators of $10,000 alligator handbags and goat-lined fur coats, while opening enough stores and reaching enough customers to keep profits high.
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16/05/12
Strong Asia demand keeps Richemont optimistic
...France's LVMH, handbag maker Hermes , French luxury and retail group PPR and jeweller Bulgari posted upbeat first-quarter results as Chinese buyers flocked to stores in both Europe and Asia. But German...
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9/05/12
For luxury, all that glitters is gold
...firms like LVMH, home to Louis Vuitton, reporting stellar results for the first quarter.
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4/05/12
LVMH suffers partial setback in eBay court challenge
...company LVMH suffered a setback in its attempts to stamp out counterfeit trading on eBay, as a French court partially overturned a previous ruling against the online auctioneer.
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3/05/12
Hermes Q1 sales rise as Asia strong
...company LVMH, which also reported strong sales growth for the quarter. Against the wishes of Hermes' management, LVMH has taken a 22 percent stake in it. Takeover rumors and consistently strong performance...
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26/04/12
Hugo Boss eyes expansion in tough China market, reports 10 percent...
...companies from LVMH to Richemont and Burberry soared last year, as Chinese demand for high-end European brands surged. Even though growth in Asia is expected to slow this year, many companies, like LVMH, have said...
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18/04/12
Douglas, LVMH not in talks
...France's LVMH, the world's biggest luxury goods group, a financial source said, after a report that LVMH was eyeing a deal.
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18/04/12
LVMH says Q1 sales up 25 per cent, Asia strong
...LVMH, the world's biggest luxury goods group, said first-quarter revenue grew 25 percent thanks to particularly strong growth in Asia and the United States, as wealthy shoppers shrugged off a tumultuous global...
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17/04/12
Burberry second half sales up 18 percent
...such as LVMH and Richemont jumped last year but many are braced for a less dramatic rise in 2012 after China cut its growth forecast for this year. Shares in Burberry, which have risen a third so far this year,...
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16/04/12
Italy's Cucinelli launches 150 million euro IPO
...Tod's, LVMH or Prada. The range will imply a valuation for the company after the deal of between 18 and 21 times 2012 earnings, while peers trade at 21 to 22 times forward earnings, the source said. The sale...
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9/04/12
Dior names Belgian designer to succeed disgraced Galliano
...Arnault's LVMH luxury empire.Dior hailed the Belgian as "one of the biggest contemporary talents", saying that "he will inspire and push into the 21st century the style that Mr Dior launched...
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5/04/12
LVMH CEO says sales growth speeds up in Q1
...giant LVMH saw sales growth accelerate in the first three months of this year from the last quarter of 2011, Chief Executive Bernard Arnault told its annual shareholder meeting on Thursday.
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3/04/12
Coty has staying power in bid for Avon
...giant LVMH. Under Beetz's tenure, acquisitions such as Unilever's fragrance unit and Chinese skin care company TJoy have helped to diversify Coty's product lineup and improve distribution in a...
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2/04/12
Paris show bets on green, fair luxury
...PPR or LVMH, the world's top three luxury groups, have all set wide-ranging sustainability targets, be it on sourcing, packaging, transport, or energy use. Yet at the Paris show they were conspicuously absent...
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30/03/12
Video: Louis Vuitton presents "A notch on Louis Vuitton's...
...owned by LVMH, has been designing belts since the 1930s. Saul Bass was a graphic designer and filmmaker who is responsible for some of the most iconic corporate logos of all time as well as design sequences in...
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29/03/12
French perfumier Guerlain judged racist for 'negro' remark
...Hennessy (LVMH). The Guerlain company distanced itself from the remarks, saying his words were "unacceptable" and noting that Guerlain had not been a shareholder in the company since 1996 or on salary...
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28/03/12
Paris court to rule on perfumier Guerlain racism charge
...Hennessy (LVMH)."I offer my apologies to all those who might have been hurt by my shocking words," Guerlain said in a statement after the interview. He said the comments "in no way reflect my true...
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22/03/12
Hermes hikes dividend as 2011 profit jumps
...group, LVMH , built up a 22.3 percent stake. LVMH has said its shareholding is friendly, suggesting it does not plan a takeover attempt, while Hermes family shareholders view the move as hostile. Hermes bought...
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21/03/12
Tag Heuer says Seiko parts won't harm "Swiss made"
...group LVMH said a deal it announced on Wednesday to use parts from Seiko Instruments Inc. would not hurt its "Swiss made" image as the company is a member of the Swiss Chronometry Society. "We are...
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19/03/12
Qatar fund boosts voting stake in Lagardere above 10%
...giant LVMH.
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