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 compared to 2010.

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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.

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