One side is global luxury industry gradually recovery and the other side is a luxury the outbreak after big MAC stirring. When we are still talking about several months ago, sometimes LVMH (the world's largest luxury group LVMH) secretly acquisition of shares, thus MaShi love provoked the present quite a pet family enterprise strong dissatisfaction, these days but spread a surprising news: LVMH will purchase Italian jeweler Bulgari Bulgari) 51% of the shares (, it also means the manufacturing of top class gem and wrist watch family enterprise already be a most LVMH. And also has confirmed bulgari to this fact. The takeover of losses Bulgari, seems to be agreed upon by the parties. After negotiations, LVMH will buy all the shares owned by the family. LVMH with their own 1650 million stock exchange Bulgari family million two hundred five 100,000 shares. It is estimated that 51% of the shares the family hands 18 billion worth of 4 million euros. LVMH Bulgari will go to the other shareholders of the euro per share price, the author introduces the purchase of the final cost may be 37 billion euros to 40 billion euros. Bulgari will nominate two people attend the board, Bulgari LVMH CEO Francesco Trapani will become LVMH wrist watch and jewelry department chief.
According to the independent report, 61, has been Arnault, the world's second largest luxury group with competition between PPR. PPR by France Francois Pinault build rich self-employed. Meanwhile, Bulgari control, to them for the world's third largest luxury group Richemont also pose a threat. The group in Switzerland, the boss is South Africa tycoon Rupert Johann - at the age of 60.
In 1971, Arnault in northern France from a small family business developed. His early into some of the luxury market performance was often criticized.
LVMH sources, Bulgari is new strategic acquisition part. LVMH line of sight from the PPR Pinault has transferred, they decided to purchase the Richement, especially their jewelry brands under Cartier. Through the commercial advantage, LVMH Arnault will Richemont, Johann Cartier and to challenge Rupert. And Gucci handbag struggle has ended. Jewelry wars is started.
Johann Cartier boss Rupert opened luxury jewelry market. Then Bernard Arnault acquired Bulgari.
But according to market experts predict, Arnault will probably buy other jewelry and immediately shot wrist watch brand. Moreover, the purchase is likely to lead to luxury purchase avalanche. Luxury in China, Russia and India's sales growth. It is predicted that by 2025, there will be six million consumers into luxury market.