Italian Police Seize Bulgari Executives’ Assets in Tax Probe

Bulgari Hotel, London | Source: Courtesy Photo

MILAN, Italy — Italian police seized more than 46 million euros ($59 million) of assets from executives linked to jeweler Bulgari including Francesco Trapani, who heads parent company LVMH Moet Hennessy Louis Vuitton SA’s watch and jewelry unit, for alleged tax evasion.

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Week in Review | PPR’s Christopher Kane Investment, Going Corporate, 10 Fashion Moments in Milan

Week in Review December 14-18

What to Make of PPR’s Christopher Kane Investment (Analysis) “But fast forward a few more years and today, both Stella McCartney and Alexander McQueen have grown into medium-sized businesses with over €100 million in annual revenue each by pursuing business models that fit, respectively, with their unique brand DNAs.” Finding Your M.O. | Part 14: Going Corporate (Education) “As in life, the time comes when every

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Bulgari’s billionaires, Web fashion foray, Top of the world, Fashion over art, Inside Brioni

[caption id="attachment_40456" align="alignnone" width="500" caption="Nicola and Paolo Bulgari | Source: Forbes/Getty Images"][/caption] Bulgari Brothers, Jewelers To The Stars, Are Billionaires Thanks To Tiny LVMH Stake (Forbes) "In 2011, however, French luxury empire Moët Hennessy Louis Vuitton (LVMH) acquired Bulgari in an all-share deal, handing over 3.6% of the conglomerate to the family. Last year, as LVMH’s stock rose, the Bulgaris and nephew Trapani sold a tiny sliver of their stake, reportedly to take care of taxes and other expenses." Amid U.K. Retailer Woes, a Web Fashion Foray (BusinessWeek) "As more British retailers succumb to competition from the Internet, a venture capital firm is underscoring the shift with its first investment in a fashion seller to develop its online business." On Top of the…

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Swedish style, Bulgari family sells LVMH shares, Chinese savvy, Moda’s next phase, Fern Mallis

H&M flagship store | Source: NY Magazine

Swedish fashion: How less can be more (CNN) “Stockholm fashion may not have the clout of Parisian haute couture or the glamor of Milan’s upscale brands. But the city is turning its flair for sleek design into a major business export.” Bulgari family sells LVMH shares (FT) “People close to the deal said the Bulgari family had decided to reduce their stake after a strong rise in the shares in the past year and

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Milan’s driving ambition, LVMH controls Bulgari, Magazine commerce, Who Is On Next, Tweet or be discreet?

Yelling ‘Fire’ on a Crowded Runway (NY Times) “Without question, we can count on Miuccia Prada, Raf Simons at Jil Sander, Karl Lagerfeld at Fendi and, at times, Tomas Maier of Bottega Veneta to say something with fashion, and not just offer approachable clothes. But there should be many more designers in Milan with that driving ambition. Otherwise, the future of fashion will be in jeopardy.” LVMH says it controls 98.09

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Changing seasons, Bulgari bid complaint, Mobile marketing in the moment, Price inflation, Pint-sized pundits

Dover Street Market | Source: Dover Street Market

All change (FT) “While other shops gradually push the spring/summer sale stock into a corner as they introduce autumn/winter collections, every six months for the past seven years Dover Street has shut while new spaces are introduced, existing ones revamped or moved, and new ranges displayed…. What’s more important is creation and strength and newness.” Italian regulator examining Bulgari bid complaint (Reuters) “Italian

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Faking it, Fashion’s shifting focus, Digitising trend-forecasting, LVMH Bulgari deal cleared, Facchinetti returns

Louis Vuitton Spring/Summer 2011 | Source: Louis Vuitton

Counterfeits get sophisticated: how to spot fakes | Source: WSJ The Finer Art of Faking It (WSJ) “The prices of the imitators are rising, confusing customers who are looking for the real deal at a discounted price. Still, the higher-priced fakes are just a fraction of what a real item would cost…  To fight back, more brands are turning to authentication devices into their merchandise.” The Has-Beens of the Fashion

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Valentino’s state of grace, Protecting the Pashmina, Bulgari returns to profit, Hermès sales leap, Yusuke Maegawa

Valentino Spring Summer 2011 | Source: Valentino

Valentino: State of Grace (Interview) “If there is something most significant about Valentino, it’s that women feel beautiful when they’re wearing Valentino. Beauty is at the core of his work—it’s not just an element.” Nepal seeks legal cover for shawl that conquered the world (Independent) “Coveted for its lightness and warmth, the [pashmina] wool… has brought much-needed income to the mountain kingdom of

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Putting China first, Designers out at Ferré, Gap’s overseas push, Bulgari sales sparkle, Fashion theatre

China First: Coaxing or Kowtowing? (Luxury Society) "Last Wednesday, Burberry joined the ranks of such other megabrands in this quest to show China not only that they mean business but that they are putting the country first... Offering a technologically enhanced ‘debut’ geared toward China’s youth is also a strategic one, considering that 73% of luxury buyers in China are under the age of 45." Aquilano and Rimondi out at Gianfranco Ferré (Fashion Etc) "When questioned about the designers' fates at the label's Fall 2011 show in February, Paris Group's Abdulkader Sankari and his son Ahmed are said to have cut Aquilano and Rimondi loose in the face of weak sales figures. 'Sales didn’t go well at all and the…

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