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World News

LVMH to control jeweler Bulgari

French fashion colossus LVMH Moet Hennessy Louis Vuitton has agreed to buy Rome-based jeweler Bulgari SpA in a cash-and-shares deal worth EURO 4.3 billion (Yen 495 billion). The deal will see Bulgari's founding family become the second-largest family shareholders in LVMH behind that of Chief Executive Bernard Arnault. France's richest man, Arnault has grown LVMH into a EURO 20 billion (Yen 2.3 trillion) company since its creation in 1987. (AP)

Shukan ST: March 18, 2011

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World News LVMH to control jeweler Bulgari French fashion colossus LVMH Moet Hennessy Louis Vuitton has agreed to buy Rome-based jeweler Bulgari SpA in a cash-and-shares deal worth EURO 4.3 billion (Yen 495 billion). The deal will see Bulgari's founding family become the second-largest family shareholders in LVMH behind that of Chief Executive Bernard Arnault. France's richest man, Arnault has grown LVMH into a EURO 20 billion (Yen 2.3 trillion) company since its creation in 1987. (AP) Shukan ST: March 18, 2011 (C) All rights reserved