Bulgari Is Making Money Again

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Photo: Courtesy of Bulgari

Less than two months after selling a majority stake to LVMH, Bulgari SpA stated that they've returned to profitability. CEO Francesco Trapani attributes their financial gains to "competitive product development, strong communication, advancement of its shopping experience and cost control." Their net profit totaled $13 million, compared with a loss of $11.4 million in the same period last year. [WWD]