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Bulgari CEO repeats company not for sale

September 11, 2007

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In an interview with French newspaper La Tribune, Francesco Trapani, chief executive for Bulgari, categorically denied that the Italian luxury jeweler is for sale. He also affirmed that the company, of which the Bulgari family controls more than 50 percent, probably will not be for sale anytime in the near future. Trapani did state, however, that Bulgari is not ruling out the possibility of becoming a multi-brand group such as LVMH or Gucci Group.

After the interview was published on Tuesday, Bulgari's shares traded down 1.2 percent. The stock underperformed a 1 percent rise in the DJ Stoxx products and home index. In the past five years, the company has expanded its product offerings to include accessories, watches, perfume, skin care and hotels.
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