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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...

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Searched for: Bally

Found: 55

LAST year High Net Worth reported on the importance of country of origin to high-end consumers around the world, with the west maintaining dominance due to its long heritage of luxury. But luxury consumers’ attitudes are changing, not least emerging market consumers themselves. Using China as an example, three trends highlight this shift. (1) A […]

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A month by month review of early 2012 and the leasing activity of the major groups confirms London’s position as the premier luxury retail location in Europe. In January, Labelux group brand Belstaff acquired 25,000 sq ft at 155-157 New Bond Street at a rent of £3m per annum, not long after Bally leased 45-46 […]

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Hyatt Hotels

Date: May 2012 (157) Category: Luxury Goods & Services, Reports Brand: Hyatt Hotels

The first Hyatt-branded hotel is due to open in Cambodia. Hotel De La Paix Siem Reap, which is located near the 12th century ruins of Angkor, will close in June this year for a complete renovation and reopen as the 107-room Park Hyatt Siem Reap during the first quarter of 2013. “This globally recognised property […]

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Wealth report: The next big spenders

Date: April 2012 (156) Category: Features, Wealth Report

The promise of luxury for men
Accounting for 40% of global sales, men’s spending on luxury also grew almost twice as fast as women’s in 2011, 14% compared with 8% respectively (Bain). Burberry and Coach have flagged this segment as an area of expansion, aiming to join menswear veterans Giorgio Armani, Hugo Boss and Dunhill. At […]

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Runaway prices

Date: April 2012 (156) Category: Luxury Goods & Services, Reports Brand: Private Fly

Private jet booking platform PrivateFly has compiled five tips for finding the best-price private jet hire:
• Shop around. With over 7,000 aircraft globally for charter, prices can vary considerably for the same trip.
• Use the closest available aircraft. Hire costs include getting the aircraft to and from its home base.
• Book in advance. A week’s […]

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IT is impossible to keep Bond Street out of the news. Rumours abound that another brand is faced with a similar position to Ferragamo (who recently agreed a record rent). Landlords’ consent for a refurbishment of its store comes at a rental price (note to self and lawyers when negotiating new leases!).
Belstaff has indeed acquired […]

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Creator of dreams

Date: March 2012 (155) Category: Features, Interviews Brand: Hampshire Hotels & Resorts
Hampshire Hotels & Resorts owns hotels in the US, Canada, the UK, India and Thailand, with over 3,000 rooms in Manhattan alone. Its chairman and CEO is the Indian entrepreneur, philanthropist and arts patron SANT SINGH CHATWAL, and his children – Vikram and Vivek Chatwal – both play active roles in the organisation. LUCY REITER gets the lowdown on the new developments
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ONE of the most gratifying things I do for both business and pleasure is travel. Observing and appreciating other cultures has played a huge role in expanding my brand, as well as creating business relationships. The foundation of a successful business relies heavily on such relationships. In my experience, immersing oneself in new culture creates […]

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LUXURY BRIEFING LAW SPECIAL

Date: October 2011 (151) Category: Features

M&A: BACK IN FASHION
by Sarah Atkinson
GLOBAL M&A activity in the luxury goods sector looks set to reach record levels in 2011. Figures published by Thomson Reuters suggest the level of activity is almost double that of 2010, despite the sluggish economic growth overall and the continuing global financial crisis. Luxury goods companies are also enjoying […]

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Cool move

Date: September 2011 (150) Category: Luxury Goods & Services, Reports Brand: Edmiston & Co

Evidence that experience in one sector of the luxury industry can lead you seamlessly into another – there being many synergies and a common customer base – comes in the form of an interesting new appointment by Edmiston & Co. The super-premium yacht broker, charterer and manager has just appointed a new CEO, Mark Cornell, […]

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