Source: Bloomberg
Summary
LVMH is set to acquire Bulgari owner, Luxury Goods Maker. The company expects an agreement to be reached in September, with the sale finalized in February 2027.
Our Reading
The trend returns with a new name.
Luxury conglomerates continue to expand their portfolios, echoing the 1990s and early 2000s trend of consolidation in the industry. LVMH’s acquisition of Bulgari’s owner is the latest example. The move is reminiscent of the luxury goods boom of the 1980s, which saw the rise of megabrands. The cycle of luxury consolidation continues, with LVMH’s acquisition marking the latest chapter. The more things change, the more they stay the same in luxury.
Author: Evan Null
