Bvlgari boosts Louis Vuitton sales

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.

READ:  Here’s a sneak peek into Louis Vuitton’s exclusive “La Galerie” exhibit held at the family’s Parisian residence

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.

READ:  Karl Largerfeld, Martha Stewart and Carine Roitfeld are among the celebrities in Rimowa’s new campaign