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Bulgari

July 17, 2014

Last week’s sale of kitchen appliance manufacturer Indesit, the latest in a long line of large Italian family businesses recently sold to foreigners, could be a wake up call for the government to make the country more business friendly, a family business academic says.

Last week’s sale of kitchen appliance manufacturer Indesit, the latest in a long line of large Italian family businesses recently sold to foreigners, could be a wake up call for the government to make the country more business friendly, a family business academic says.

The Merloni family sold its controlling 60.4% stake in the company to US competitor Whirlpool for €758 million, bringing to an end four generations of family control. It was the largest producer of home appliances in Italy.

February 8, 2012

The Bulgari family has sold almost 4.5 million shares in French luxury goods group LVMH less than a year after it became the conglomerate's second biggest family shareholder.

The Bulgari family has sold almost 4.5 million shares in French luxury goods group LVMH less than a year after it became the conglomerate's second biggest family shareholder.

Brothers Paolo and Nicola Bulgari, the grandsons of Sotirio Bulgari, who founded the eponymous Italian jeweller, and their nephew Francesco Trapani together sold about a third of the family's LVMH stake, which it acquired after a share swap with the Paris-based group last year.

January 18, 2012

French luxury groups PPR and LVMH, which in the throes of "shopping fever" acquired a number of Italian family businesses recently, have no chance of getting their hands on the Giorgio Armani Group. 

French luxury groups PPR and LVMH, which in the throes of "shopping fever" acquired a number of Italian family businesses recently, have no chance of getting their hands on the Giorgio Armani Group. 

That's according to the company's chief executive, Giorgio Armani, who said the family business, which includes brands such as Emporio Armani and Armani Exchange, is not for sale.

August 2, 2011

The Bulgari family will not receive any more from LVMH for its shares of its luxury accessory company, despite rumours to the contrary, according to LVMH.

The Bulgari family will not receive any more from LVMH for its shares of its luxury accessory company, despite rumours to the contrary, according to LVMH.

Following a report in daily Italian newspaper Il Sole 24, LVMH dismissed suggestions that it was planning to increase its price offer for Bulgari shares.

“LVMH categorically denies the unfounded and misleading rumors that LVMH could be obliged to increase the price of its offer on Bulgari," the company statement read.

May 11, 2011

Family-controlled luxury goods company LVMH will be buoyed by its recent investment in fellow family businesses Bulgari and Hermes as the two groups reported strong first quarter results.

Family-controlled luxury goods company LVMH will be buoyed by its recent investment in fellow family businesses Bulgari and Hermes as the two groups reported strong first quarter results.

Jewellery house Bulgari, whose family members have sold 51% control of the company to Bernard Arnault’s LVMH, announced on 10 May that its net profits rose to €9.3 million for the quarter, after a loss of €8.3 million during the same period last year.

March 23, 2011

News that the Italian government is looking to protect local companies against unwanted takeovers is likely to be greeted with relief among family businesses in the country – at least in the immediate future.

News that the Italian government is looking to protect local companies against unwanted takeovers is likely to be greeted with relief among family businesses in the country – at least in the immediate future.

But longer-term pressures on family businesses in Italy won't be resolved by government intervention. Nor for that matter will they be anywhere else in the world.

March 7, 2011

Family-controlled luxury goods company LVMH announced on 7 March that it will take a controlling stake in fellow family business Bulgari, in a share swap deal which will see the Bulgari family own 3% of LVMH.

Family-controlled luxury goods company LVMH announced on 7 March that it will take a controlling stake in fellow family business Bulgari, in a share swap deal which will see the Bulgari family own 3% of LVMH.

In a statement, Paris-based LVMH said that it will take control of 51% of shares held by the Bulgari family, and in return the Bulgari family will get a 3% stake in LVMH, to make it the second-largest family shareholder in LVMH.

September 1, 2004

Holiday at the apex of style: visit the new breed of luxury brand resorts in some of the world’s stunning locations. Melanie Stern reports

Melanie Stern is section editor of Families in Business magazine.

Holiday at the apex of style: visit the new breed of luxury brand resorts in some of the world's stunning locations. Melanie Stern reports

There's probably one brick in the walls of the Chrysler Building for every Louis Vuitton bag or Versace dress snapped up year in, year out; brand recognition for the luxury goods industry is positively booming.

January 1, 2002

Italy is a world leader in fashion and design. However, increased global competition of the Italian fashion and design industry poses a potential threat to family dominance

The Italian fashion and design industry has overtaken France as a world leader, with an estimated 30% of the global market in luxury goods, estimated to be worth more than US$80 billion each year.

Italian fashion exports were valued at US$26 billion during 2000, an increase of nearly 15% over the previous year. Other significant export markets include Germany, France and the UK, with East European nations such as Romania emerging as new customers for the fashion giants of Rome and Milan.

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