Brussels clears Bulgari/LVMH deal

Published: 19-Jul-2011
Fragrance Finance

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The European Commission has approved without condition the proposed acquisition of Italian luxury goods company Bulgari by France’s Moët Hennessy–Louis Vuitton Group (LVMH) of France. Both sell high-end cosmetics and perfumes, but a Commission competition inquiry concluded “the combined activities of LVMH and Bulgari do not give rise to high market shares under any plausible market definition”.
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