LVMH buys Bulgari in €3.7bn deal

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 to buy Rome-based jeweller Bulgari SpA in a cash-and-shares deal worth €4.3bn.