One thing Paris would not appear to need is another hotel. Yet LVMH launched two five-stars this fall. We met Bulgari CEO Jean-Christophe Babin to talk about the latest, Bulgari Hotel, and the race to be Paris' best inn.
LVMH-owned Italian jewellery brand Bulgari has become part of the French group’s Watches & Jewellery division, headed since the summer by the French manager, who has now joined the group's executive committee.
The famous Florentine luxury retailer has finalized the sale of a 40% stake to Italian investment fund Style Capital. Founder Andrea Panconesi, has retained his role as president, while Alessandra Rossi has become CEO.
Sales at French luxury group LVMH's fashion and leather goods division rose strongly in the third quarter even though overall revenue growth in Asia and the United States eased from their stellar first-half performance.
Shying away from the oversize installations of previous editions, luxury labels like Gucci, Off-White and Givenchy took advantage of the Milan Design Week to showcase an array of new projects and offbeat initiatives.