PPR makes eyes at Bulgari

Published: 1-Aug-2006


Following its divestment of Le Printemps last month, French luxury goods company PPR is said to be sniffing around Italian jeweller and fragrance house Bvlgari as a possible target for acquisition.

Although both companies declined to comment on the rumours, shares in Bvlgari jumped 3.4% in the wake of the speculation.

Several commentators claim that Bvlgari's estimated purchase price of t4-5bn would make it off-limits for PPR. However, others countered that PPR may be willing to generate funds by selling other assets. LVMH is also said to be interested in the company.

Bvlgari, a family-owned company, has so far remained resistant to acquisition.

You may also like