LVMH adds €4.3bn Bulgari jewel to its crown of luxury designer brands

FRENCH fashion colossus LVMH Moet Hennessy Louis Vuitton is adding another jewel to its crown.

The Paris-based holding company behind luxury brands Christian Dior gowns, Dom Perignon champagne and Guerlain perfume, has agreed tobuy Rome-based jeweller Bulgari in a cash and shares deal worth €4.3 billion.

The deal will see Bulgari’s founding family become the second largest family shareholders in LVMH behind that of chief executive Bernard Arnault.