Bulgari family reduces its stake in LVMH




Brothers Paolo and Nicola Bulgari and their nephew Francesco Trapani have sold a 558 million euro stake in LVMH,

the

Financial Times

reported.

The Bulgari family acquired the stake when they sold their Italian jewelry company to LVMH in March 2011. Trapani is now head of LVMH’s watches and jewelry division.

The

FT

report said the family “decided to reduce their stake after a strong rise in the shares in the past year and a strong set of results” for LVMH. (Source:

Financial Times,

Feb. 7, 2012.)

About the Author(s)

This is your 1st of 5 free articles this month.

Introductory offer: Unlimited digital access for $5/month
4
Articles Remaining
Already a subscriber? Please sign in here.

Related Articles

KEEP IT IN THE FAMILY

The Family Business newsletter. Weekly insight for family business leaders and owners to improve their family dynamics and their businesses.