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On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari and the intention to make a tender offer for the rest, which was publicly owned. [24] The transaction was about $5.2 billion. [25] By 2012, LVMH established LCapitalAsia, a continuation of its private-equity arm, focused on Asia. [26]
In 1996, LVMH acquired the majority share of DFS Group, [10] buying out partners Feeney, Parker, and Pilaro and setting a new focus on the combined elements of travel and luxury. [11] It developed a merchandising strategy based around five core categories – Beauty and Fragrances; Fashion and Accessories; Watches and Jewelry; Wines and Spirits ...
In July 2013, LVMH acquired an 80% stake in Loro Piana, becoming their majority shareholder, through a $2.6 billion cash and debt deal. [5] [2] Sergio Loro Piana died the same year. [6] In December 2013, LVMH announced that Antoine Arnault would become chairman of Loro Piana. [7] In 2017, LVMH acquired another 5% stake in the company.
It may not be nearly as big as market leader LVMH—Prada’s sales hit €4.7 billion ($5 billion) last year, compared to the French conglomerate’s €86.2 billion ($92.6 billion)—yet it is ...
LVMH and Tiffany ultimately agreed on a renegotiated deal price, lowered by $425 million. ... in its first shake-up at the U.S. jeweller as it closed its $15.8 billion acquisition. The closing ...
LVMH has acquired the bistro, adding to its growing hospitality division, which includes the Belmond and Cheval Blanc brands. In a statement, the conglomerate vowed to "work alongside the existing ...
In January 2016, Catterton, LVMH, and Financière Agache (previously Groupe Arnault), the family holding company of Bernard Arnault, partnered to create L Catterton. [21] The partnership combined Catterton's existing North American and Latin American private equity operations with LVMH and Groupe Arnault's pre-existing European and Asian ...
L Catterton, a private equity firm backed by the French luxury brand owned by billionaire Bernard Arnault, purchased a majority stake in the company and its eponymous sandals.