Nicola and Paolo Bulgari | Source: Forbes/Getty Images
Bulgari Brothers, Jewelers To The Stars, Are Billionaires Thanks To Tiny LVMH Stake (Forbes)
“In 2011, however, French luxury empire Moët Hennessy Louis Vuitton (LVMH) acquired Bulgari in an all-share deal, handing over 3.6% of the conglomerate to the family. Last year, as LVMH’s stock rose, the Bulgaris and nephew Trapani sold a tiny sliver of their stake, reportedly to take care of taxes and other expenses.”
Amid U.K. Retailer Woes, a Web Fashion Foray (BusinessWeek)
“As more British retailers succumb to competition from the Internet, a venture capital firm is underscoring the shift with its first investment in a fashion seller to develop its online business.”
On Top of the World (IHT)
“The current success of luxury men’s wear — often outstripping comparable women’s sales — has given a new energy to designers who are showing in Paris for the 2013 winter season. That change of climate has affected not just confidence in the products, but also the focus on manly, weatherproof clothing that dominates the runways.”
Chinese Choosing Prada Over Louvre Boost Luxury Shares (Bloomberg)
“Move aside Mona Lisa. More Chinese visitors are headed to Paris and they are picking luxury stores such as Galeries Lafayette over visits to the Louvre.”
Mencyclopaedia: Brioni (Telegraph)
“Although thriving in America, Brioni didn’t become a big deal in its home nation until the Seventies. Before then, Italian men had favoured English companies – particularly Chester Barrie – for their off-the-peg suits.”