Recently we've been so busy watching the drama as luxury mega-conglomerate LVMH Moe"t Hennessy Louis Vuitton makes moves on French luxury brand Hermes that we didn't even see them sneaking up on Bulgari. The NY Times reports that LVMH is set to announce on Monday that it is taking control of the luxurious Italian jeweler. According to the NY Times DealBook, Bulgari's founding family is exchange its 51 percent stake in the jeweler to LVMH for stock in LVMH and it will also have seats on LVMH's board. With those shares in place, it's said that LVMH is planning to make offers to acquire the rest of the shares.
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