LVMH shows Hermes can work with family businesses
LVMH's purchase of Italian jeweller Bulgari for 3.7 billion euros could show Hermes that LVMH can work with family businesses, LVMH Chief Executive Bernard Arnault told Le Figaro in an interview.
French company LVMH, founded by Bernard Arnault, will take over Bulgari, a famous worldwide jewelry brand, in a deal worth 3.7 billion Euros.