×
40 982
Fashion Jobs
ESTÉE LAUDER COMPANIES
Latam E-Commerce Project Manager/Product Owner
Permanent · New York
MICHAEL KORS RETAIL INC
Sales Supervisor, Crabtree Valley, Raleigh nc
Permanent · Raleigh
GAP
General Manager - Lenox Square (Kids & Baby)
Permanent · Atlanta
GAP
General Manager - Northbrook Court
Permanent · Northbrook
GAP
General Manager- Stonebriar Mall
Permanent · Frisco
GAP
General Manager - Roseville Galleria
Permanent · Roseville
GAP
General Manager - Central Texas Marketplace
Permanent · Waco
GAP
Merchandise Planner - Boys - Outlet
Permanent · New York
GAP
Unassigned General Manager - Greater Nashville
Permanent · Nashville
ALICE AND OLIVIA
Sales Supervisor - Cabazon Outlet
Permanent · Cabazon
TARGET CORPORATION
Owned Brand Product Design Director, Pets
Permanent · MINNEAPOLIS
LA MER
Manager, Global Supply Chain Operations - Inventory
Permanent · New York
MAC
Business Development – Key Consumer Manager, Mac
Permanent · New York
H&M
Retail Flagship Visual Manager
Permanent · Chicago
JBCSTYLE
Art Director
Permanent · NEW YORK
JBCSTYLE
Sales Operations Coordinator
Permanent · NEW YORK
ESTÉE LAUDER COMPANIES
Manager, Solution Architect- Omni Retail
Permanent · New York
TOM FORD BEAUTY
Vice President, Marketing, Tom Ford Beauty North America
Permanent · New York
ESTÉE LAUDER COMPANIES
Category Insights Manager - Supply Chain
Permanent · New York
ESTÉE LAUDER COMPANIES
Senior Account Coordinator, Estee Lauder Travel Retail – Americas
Permanent · Los Angeles
ESTÉE LAUDER COMPANIES
Manager, Product Manager
Permanent · New York
ALICE AND OLIVIA
Sales Supervisor - Town Center at Boca Raton
Permanent · Boca Raton

Italy's market watchdog fines LVMH executive over Bulgari deal

By
Reuters
Published
today Nov 2, 2016
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Italy's market watchdog has fined LVMH Managing Director Antonio Belloni 350,000 euros ($388,185), saying he divulged confidential information to a fund manager before the luxury group's 2011 acquisition of jeweller Bulgari.


Antonio Belloni - LVMH



Belloni informed Alessandro Sonvico, an asset manager at Swiss-based wealth manager Pentagram, of an upcoming LVMH offer for Bulgari shares, Consob said in a statement on Wednesday. Consob also said it had fined Sonvico 350,000 euros.

Belloni denies the charges against him and LVMH said he would appeal the Consob decision.

"Mr Belloni notes the administrative decision by Consob which he has decided to appeal, challenging all aspects of the charges against him," Belloni's lawyer Francesco Sbisa said.

Pentagram was fined 150,000 euros.

Fines must to be paid to the Italian tax agency within 30 days if the recipient is an Italian resident. If they are not a resident they have longer to pay up but must do so even if they appeal the decision.

No one at Pentagram returned calls for comment. Sonvico did not respond to a request for comment via Linkedin.

Consob also said Belloni and Sonvico had been barred from holding any management role in a listed company for eight months from the end of October.

LVMH said according to its French and Italian lawyers, none of the positions held by Belloni would be affected by the Consob decision.

"LVMH, which has been fully informed by Antonio Belloni throughout, maintains full confidence in its group managing director whose loyalty and integrity have been constant features since he first joined the group in 2001," it said in a statement.

($1 = 0.9011 euros)

© Thomson Reuters 2019 All rights reserved.