Archive for July, 2011

Diamonds are a downturn’s best friend
Jul
31
Retail may be in the doldrums, but resale at the top end of town is booming, with Sotheby's banking on record results for its fine jewellery auction in Double Bay on Monday.

Bulgari Sales Up 23%
Jul
28
First half 2011 sales for the Bulgari Group increased 23.6 percent, year-over-year, at current exchange rates to 548 million euro ($784 million). At comparable exchange rates the increase was 23.3 percent. The Italian luxury jewelry house reported an operating profit of 15.3 million euro ($21.8) and a net profit of 9.1 million euro ($13 million) for the period.

Bulgari Sales Up 23%
Jul
28
First half 2011 sales for the Bulgari Group increased 23.6 percent, year-over-year, at current exchange rates to 548 million euro ($784 million). At comparable exchange rates the increase was 23.3 percent. The Italian luxury jewelry house reported an operating profit of 15.3 million euro ($21.8) and a net profit of 9.1 million euro ($13 million) for the period.During the first six months of the ...

Sales rise, profits swing to positive for Bulgari
Jul
27
The Bulgari Group saw sales grow 24 percent in the first six months of the year, including significant gains in watches and jewelry.

First look: Rachel Weisz for Bulgari’s Mon Jasmin Noir
Jul
27
Following Kirsten Dunst's ads for the Italian luxury house, it is fellow actress Rachel Weisz who promotes the new perfume. Only the lion got to stay.

LVMH Sees Big Profits, Dior Gains Despite Galliano’s Demise
Jul
26
LVMH Moët Hennessy Louis Vuitton has recorded significant revenue gains for the first half of 2011.The world's largest luxury conglomerate saw revenue of €10.3 billion ($14.9 billion) in the first half of 2011, up 13% from last year. Profits were €2.2 billion, up 22% from 2010.Bernard Arnault, chairman and CEO of LVMH, credited strong brand appeal, consumer attraction to artisanal products and ...

Excellent First Half for LVMH
Jul
26
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €10.3 billion in the first half of 2011, an increase of 13%. Organic revenue growth was 15%.

LVMH denies raised offer for extra Bulgari share
Jul
26
PARIS - LVMH on Monday denied it would raise its offer for outstanding Bulgari shares after an Italian newspaper reported that a fund had complained about the the luxury group's plans to pay for Bulgari shares. LVMH confirmed it would pay 12.25 euros (S$21) per share for all the Bulgari shares it is purchasing, including for an extra 57,000 shares owned by the Bulgari familly.

Jul
26
Italy’s stock-market regulator will make a decision by Aug. 4 on a request by some Bulgari SpA (BUL) shareholders for a review of the company’s sale to LVMH Moet Hennessy Louis Vuitton SA (MC) , daily Il Sole 24 Ore reported.

Italian regulator examining Bulgari bid complaint
Jul
24
MILAN : Italian market regulator Consob is examining a complaint from a fund over the price French luxury group LVMH plans to pay for shares in Italian jeweller Bulgari , a Consob spokesman said on Sunday.