The Bulgari family, which founded the company in Rome in 1884, has progressively withdrawn Red Valentine Bracelet the business. Mr. Trapani is the only family member to have a prominent operational position. "The future generation was not interested in becoming involved in the business," Mr. Trapani said in an interview. Despite his public stance, Mr. Trapani over the past couple of years was meeting behind the scenes "with almost everybody" in the luxury-goods business Black And Orange Friendship Bracelet order to engineer a tie-up, he said. "Our view of the market is, in order to really create value, you're better off combining know-how in luxury with scale," said Mr. Trapani, who called the deal with LVMH a "compromise." The two sides began talks two months ago. Bulgari suffered during the economic downturn because its core watch and jewelry lines rely Black & Pink Friendship Bracelet wholesale distributors who drastically cut back orders. Bulgari sales rose 15% last year to 1.07 billion euros. The company is due to report its earnings on Friday. Meanwhile, Bulgari's shares are far from their high of 12.16 euros in 2007. LVMH is paying 12.25 euros, a 61% premium to Friday's closing price. By contrast, LVMH's shares have set records Raindance Bracelet the past year. Last year, LVMH's watches-and-jewelry division logged sales just under 1 billion euros, making it a minor player for the 20 billion euro group. "We can't say we have a leadership position.
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