Thanks Anthony for the update.
Looks like its another Pre-Baselworld stunner from BVLGARI.
Now, the strategy makes sense. Bulgari had to strengthened the product lines -- Bulgari, Gerald Genta and Danield Roth collections -- before entering this merger/acquisition.
This maximises the potential for the company to produce desirable products.
For LVMH, the deal brings in 125 years of expertise in luxury jewellery and watches, as well as experience in phenomenal business growth since 1984.
Historically, Bernard Arnault has allowed new acquisitions to be managed by the best people from those companies as long as they achieve LVMH targets viz. Biver at Hublot, Dufour at Zenith and Babin at Tag-Heuer. as with most merger/acquisitions, the comment is "Business as Usual"
It will be interesting to see the products at Baselworld 2011 because they are the REAL news and not this financial news.
It is the sales of those novelties that determine the value of both Bulgari and LVMH and not the speculations of a thousand financial analysts!
Onward and Upward!
Regards,
MTF