1) LVMH BUYS BULGARI LVMH Moët Hennessy Louis Vuitton in March agreed to acquire 50.4 percent of Italian jeweler Bulgari from the firm’s largest shareholder, the Bulgari family, in a cash-and-share swap, and launched a bid for the remaining shares for a total value of more than $6 billion. The deal doubled the size of LVMH’s watch and jewelry division, and made the Bulgari family the second-largest family shareholders in LVMH — with a 3.3 percent stake — after chairman and chief executive officer Bernard Arnault himself.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)