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In 2011 the Bulgari family, majority shareholder of the renowned Italian jewellery house established in 1884 by Greek silversmith Sotirio Bulgari, joined forces with the LVMH Group and transferred its majority shareholding in Bulgari SpA. The L3.7bn, all-share deal made the Bulgaris the second largest family shareholder of the LVMH Group. After the acquisition FRANCESCO TRAPANI, great-grandson of the founder, CEO of Bulgari SpA and the driving force behind its success over the past 20 years, was made a member of the LVMH board of directors and appointed President of the LVMH Watch & Jewellery Division. From his position now supervising Bulgari, Chaumet, De Beers, Fred, Dior Watches, Tag Heuer, Zenith and Hublot, he gives LUCY REITER the view from the top of the luxury pyramid.

Nick Foulkes - The luck of the drawer

Today heritage is a term that is used with a sort of wilful abandon. In fact I would guess that ‘heritage of the brand’ fights it out with ‘DNA of the brand’ for the title of most abused marketing cliché...

reports

archive

Luxury law: (Ab)use of language

Date: May 2012 (157) Category: Features, Law

It is well known that David Cameron’s Conservative-led coalition government has pledged to reduce net migration from the hundreds of...

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Luxury law: Good contracts

Date: March 2012 (155) Category: Features, Law

WE’VE recently been assisting an American fashion business which has established a (probably temporary) base in London, but which is...

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Luxury law: Season of goodwill

Date: December/ January 2012 (153) Category: Features, Law

I’M working on a number of private equity transactions where the taxation treatment of the participants has become a core...

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Luxury law: Admiral of the float

Date: July/ August 2011 (149) Category: Features, Law

AFTER many promises which came to nothing, Prada finally managed its long-awaited flotation. Financial journalists have been sniffy about the...

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Luxury law: The show must go on

Date: May 2011 (147) Category: Features, Law

JUST when one was beginning to think that the dust was settling in Paris, came news that John Galliano had...

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Luxury law: Licence to bill

Date: March 2011 (145) Category: Features, Law, Limited Editions

IVE recently been negotiating a number of licence agreements, and have been interested in the variety of approaches that people...

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A sanitary tale

Date: December 2010/ January 2011 (143) Category: Features, Law

ASSOCIATIONS matter to luxury brands, whether they be with individuals or with other products or brands. It’s long been a...

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Luxury law: The language of sponsorship

Date: October 2010 (141) Category: Features, Law

IT’S that time of year when young designers have been trying to finalise sponsorship agreements to provide them with extra...

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Law report: Licensing - some pros and cons

Date: July/ August 2010 (139) Category: Features, Law

LAST month, I spent some time in Hong Kong and China meeting people who had expressed an interest in investing...

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Law report: All in a name

Date: May 2010 (137) Category: Features, Law

In an industry obsessed with image and identity, it appears that investors are beginning to wake up to the value...

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