Who Owns Bulgari Dubai?
Bulgari Dubai is a luxurious hotel located on the man-made island of Jumeirah Bay in Dubai, United Arab Emirates. This stunning property is owned by the renowned Italian luxury brand, Bulgari.
The History of Bulgari
Bulgari is a name synonymous with elegance and opulence. Founded in Rome in 1884 by Greek silversmith Sotirio Bulgari, the brand has become an iconic symbol of luxury and style. Initially specializing in exquisite jewelry creations, Bulgari gradually expanded its offerings to include watches, accessories, fragrances, and hotels.
Bulgari’s Diversification into Hospitality
In 2001, Bulgari made its foray into the world of hospitality with the opening of its first hotel in Milan. The success of this venture led to the establishment of more Bulgari Hotels & Resorts in prestigious locations around the globe.
The Bulgari Hotel & Residences Dubai is one such remarkable property. Designed by renowned Italian architectural firm Antonio Citterio Patricia Viel, this urban oasis showcases the perfect blend of contemporary design and traditional Arabic influences.
The Ownership Structure
Bulgari Dubai is owned by the parent company LVMH Moët Hennessy Louis Vuitton SE (LVMH). LVMH is a French multinational luxury goods conglomerate that encompasses an extensive portfolio of prestigious brands across various sectors including fashion, cosmetics, wines & spirits, watches & jewelry, and perfume & cosmetics.
LVMH acquired Bulgari in 2011 in a landmark deal valued at approximately €4.3 billion ($5.2 billion). This acquisition marked LVMH’s entry into the high-end jewelry market and further strengthened its position as a global leader in the luxury goods industry.
The Benefits of LVMH Ownership
Under the ownership of LVMH, Bulgari has continued to thrive and expand its presence worldwide. The synergies created through LVMH’s extensive network and resources have propelled Bulgari to new heights of success.
Bulgari Dubai exemplifies the brand’s commitment to offering unparalleled luxury experiences. With its breathtaking views of the Arabian Gulf, lavish accommodations, exceptional dining options, and world-class spa facilities, this hotel represents the epitome of indulgence.
Conclusion
In conclusion, Bulgari Dubai is owned by LVMH, a leading player in the luxury goods industry. Through its ownership by LVMH, Bulgari has been able to leverage its brand heritage and expertise to create extraordinary hotel experiences. Whether you are a guest at Bulgari Dubai or an admirer from afar, it is undeniable that this property reflects the essence of Bulgari’s timeless elegance and sophistication.