Louis Vuitton stores are buzzing away thanks to the new addition to the luxury giants bouquets of products. LVMH Moet Hennesy has reportedly picked up Bvlgari for a whopping $5.2 billion and soon after the arrangement, cash registers seem to be ringing quite loudly for the luxury giants. Their third quarter revenue for 2011 was declared at €16.3 billion ($22.3 billion), a 15 percent hike as compared to 2010.
With the latest tie up with Bvlgari, the revenue for Watches and Jewelry came in at €1.2 million ($1.7 million), but the pick of the lot is the Fashion and Leather Goods sales that amassed a massive €6.2 million ($8.6 million dollars). The Watches and Jewelry however showed the best growth figures as sales more than doubled.