Francesco Trapani, former senior executive at LVMH and head of Italian jeweller Bulgari, has been appointed executive vice-chairman of Clessidra to strengthen the Italian private equity firm's pool of seasoned industr...
Watch sales at the world's No.1 luxury goods group LVMH are expected to grow by 5-7 percent this year, in line with the Swiss watch industry, the new head of the French group's watch unit said in an interview on Monday.
LVMH said watches and jewelry head Francesco Trapani would step down on March 1, becoming an advisor to group Chairman Bernard Arnault and keeping his seat on the board of directors of the world's biggest luxury group.
European luxury group executives see the return of Prime Minister Mario Monti at the helm of a new Italian government as the best way to pull the country back from recession, even though his austerity measures have hi...
Paolo Bulgari, part of the founding family of the Italian jeweler acquired by French luxury behemoth LVMH last year, has sold 236.55 million euros in LVMH shares, French regulatory watchdog AMF said on Tuesday.
LVMH will announce a management reshuffle within its stable of luxury brands this week which will see the head of fashion brand Fendi, Michael Burke, take the helm of jeweller Bulgari, an industry source said on Monday.
Roman jeweller Bulgari reopened all but one of its 40 shops in Japan, one of its biggest markets, on Tuesday as its chief executive predicted sales there would be weaker for at least one or two quarters.