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 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). Still, the lot’s pick 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.