BULGARI news and archive

Bulgari to expand its hotel and resorts division

Luxury Italian jeweller Bulgari is to expand its Hotel and Resorts division, which to date counts six locations in its portfolio. The company, which is part of the LVMH group of brands, is planning to open 15 new hotels including Paris in 2020, Moscow 2021 and Tokyo 2022. Bulgari's CEO Jean-Christophe Babin in an interview in Affari & Finanza...

Schools

Bulgari and Maxxi Museum launch the Maxxi Bulgari Prize

Bulgari has joined forces with Rome’s Maxxi Museum to launch the Maxxi Bulgari Prize, aiming to elevate young contemporary artists. Previously known as Premio Maxxi, the competition has relaunched with the hope of ‘renewing and transforming itself, expanding its horizons’ said a spokesperson for the Museum in a press statement. A jury of...

Report

Italy fines LVMH boss over Bulgari deal

Italy's stock exchange watchdog has fined Antonio Belloni, managing director of French luxury group LVMH, 350,000 euros (389,000 US dollars ) for divulging confidential information about an upcoming acquisition, it announced Wednesday. The fine relates to the 2011 announcement by Italian jewellery firm Bulgari that it had been taken over by...

BusinessFeatured

LVMH aims to heavily invest in its digital domain

London - In the book 'La Passion Creátive' by journalist Yves Messarovich, Bernard Arnault, Chief Executive Officer of luxury conglomerate LVMH, admits that he regrets not seizing an opportunity to invest in Microsoft. Nevertheless, Arnault, who oversees the operations of luxury fashion house such as Louis Vuitton and Christian Dior, remains...

Retail

Bulgari plans Russian expansion

A devaluation of the Russian rouble and governmental sanctions are not enough to keep luxury retailers out of the former Soviet Union. After Hermès tripped its retail floor space in Moscow, LVMH’s luxury jewellery brand Bulgari plans to open up to four more stores in Russia over the next 10 years, betting on the long-term prospects of its luxury...

Business

LVMH takes minority stake in Italian jeweller Repossi

The world's top luxury company LVMH has taken a minority stake in Italian jeweller Repossi to help it expand its distribution network, the two parties said Monday. "Given the reality of the market and competition today, I have decided to open up the company's capital and LVMH has taken a minority stake," said the brand's creative director, Gaia...

Business

Bulgari set for “double-digit growth” in 2015

Accessories, jewellery and watch brand Bulgari is set to grow by two digits in the coming months, as advanced by the luxury label’s chief executive Jean-Christophe Babin. To achieve this level of growth, the French house will surpass the 300 boutiques in 2015. "We had a very good beginning of the year, so all else remaining equal, we think that...

Apparel

Bulgari suspected of tax evasion

Bulgari, the Italian jewellery brand controlled by luxury goods conglomerate LVMH, is being accused of tax evasion by the Italian authorities. The charges relate to when LVMH took control of the Italian jewellery label in a 3.7 billion Pound cash-and-share swap deal in 2011, and according to reports in WWD the brand is being accused of evading...

Fashion

Italians criticise Bulgari for LVMH merger

In a wave of criticism from the Italian press, Bulgari, the Rome-based jeweller, is seen as having turned its back on its compatriots having sold the pride of Italian luxury to the French, in its merger with LVMH. Mr Trapani, the nephew of the grandsons of Bulgari’s founder, Sotorio Bulgari, opened up to the FT and had a point to make about why...

Trends

Hotel Bulgari comes to London

Luxury fashion houses are further expanding into lifestyle and hospitality, like Armani and Missoni now Italian fashion house Bulgari is looking to open its first hotel in London next year. Bulgari already launched luxe hospitality concepts in Milan and Bali, besides a chocolate café in Tokyo. Rumour has it, the Bulgari Hotel will take up...