FRENCH LUXURY GROUP LVMH HAS AGREED TO BUY ROME BASED LUXURY JEWELER BULGARI SPA IN A CASH AND SHARES DEAL WORTH 4.3 BILLION EUROS. THE DEAL WILL SEE BULGARI'S FOUNDING FAMILY BECOME THE SECOND LARGEST FAMILY SHAREHOLDERS IN LVHM BEHIND THAT OF CHIEF EXECUTIVE BERNARD ARNAULT. LVHM ALSO ANNOUNCED A TENDER OFFER OF 12.25 EUROS PER SHARE TO ACQUIRE THE REMAINING SHARES OF BULGARI, A 61 PERCENT PREMIUM OVER WHERE THEY WERE TRADING BEFORE THE ANNOUNCEMENT.

LVMH TO ACQUIRE BULGARI

FRENCH LUXURY GROUP LVMH HAS AGREED TO BUY ROME BASED LUXURY JEWELER BULGARI SPA IN A CASH AND SHARES DEAL WORTH 4.3 BILLION EUROS. THE DEAL WILL SEE BULGARI'S FOUNDING FAMILY BECOME THE SECOND LARGEST FAMILY SHAREHOLDERS IN LVHM BEHIND THAT OF CHIEF EXECUTIVE BERNARD ARNAULT. LVHM ALSO ANNOUNCED A TENDER OFFER OF 12.25 EUROS PER SHARE TO ACQUIRE THE REMAINING SHARES OF BULGARI, A 61 PERCENT PREMIUM OVER WHERE THEY WERE TRADING BEFORE THE ANNOUNCEMENT.

LVMH TO ACQUIRE BULGARI

EACH DECEMBER, PANTONE, THE GLOBAL AUTHORITY ON COLOUR AND PROVIDER OF PROFESSIONAL COLOUR STANDARDS FOR THE DESIGN INDUSTRY, CHOOSES THEIR COLOUR FOR THE NEXT YEAR. THE CHOICE FOR 2009 WAS SUNNY MIMOSA YELLOW AND 2010 SAW TURQUOISE ASCEND TO THE THRONE. TURQUOISE SEEMED TO BE PARTICULARLY POPULAR SHOWING UP BOTH IN FASHION AND HOME DECOR. PANTONE ANNOUNCED PANTONE® 18-2120 HONEYSUCKLE AS THE COLOUR OF THE YEAR FOR 2011. HONEYSUCKLE IS A REDDISH PINK. LEATRICE EISEMAN, EXECUTIVE DIRECTOR OF THE PANTONE COLOUR INSTITUTE SAYS THAT 'HONEYSUCKLE DERIVES ITS POSITIVE QUALITIES FROM A POWERFUL BOND TO ITS MOTHER RED, THE MOST PHYSICAL, VISCERALLY ALIVE HUE IN THE SPECTRUM.' WHEN WORN BY MEN AND WOMEN THE COLOUR IMPARTS A HEALTHY GLOW AND IT CAN ADD A BIT OF FLAIR TO INTERIOR SPACES. HONEYSUCKLE IS ONE OF NEARLY 200 PANTONE COLOURS AVAILABLE FROM DESSY, A LEADING MANUFACTURER OF BRIDESMAID, SOCIAL-OCCASION AND FLOWER-GIRL DRESSES. IT IS ALSO AVAILABLE IN PAINT.

COLOUR FOR 2011 PANTONE® 18-2120 HONEYSUCKLE

EACH DECEMBER, PANTONE, THE GLOBAL AUTHORITY ON COLOUR AND PROVIDER OF PROFESSIONAL COLOUR STANDARDS FOR THE DESIGN INDUSTRY, CHOOSES THEIR COLOUR FOR THE NEXT YEAR. THE CHOICE FOR 2009 WAS SUNNY MIMOSA YELLOW AND 2010 SAW TURQUOISE ASCEND TO THE THRONE. TURQUOISE SEEMED TO BE PARTICULARLY POPULAR SHOWING UP BOTH IN FASHION AND HOME DECOR. PANTONE ANNOUNCED PANTONE® 18-2120 HONEYSUCKLE AS THE COLOUR OF THE YEAR FOR 2011. HONEYSUCKLE IS A REDDISH PINK. LEATRICE EISEMAN, EXECUTIVE DIRECTOR OF THE PANTONE COLOUR INSTITUTE SAYS THAT 'HONEYSUCKLE DERIVES ITS POSITIVE QUALITIES FROM A POWERFUL BOND TO ITS MOTHER RED, THE MOST PHYSICAL, VISCERALLY ALIVE HUE IN THE SPECTRUM.' WHEN WORN BY MEN AND WOMEN THE COLOUR IMPARTS A HEALTHY GLOW AND IT CAN ADD A BIT OF FLAIR TO INTERIOR SPACES. HONEYSUCKLE IS ONE OF NEARLY 200 PANTONE COLOURS AVAILABLE FROM DESSY, A LEADING MANUFACTURER OF BRIDESMAID, SOCIAL-OCCASION AND FLOWER-GIRL DRESSES. IT IS ALSO AVAILABLE IN PAINT.

COLOUR FOR 2011 PANTONE® 18-2120 HONEYSUCKLE

MOHAMED FAYED, THE FORMER OWNER OF HARRODS, HAS RECENTLY DISCLOSED THAT HE BURNED THE ROYAL WARRANTS AFTER THEY WERE REMOVED FROM THE FOUR CORNERS OF THE LONDON DEPARTMENT STORE. THE EGYPTIAN TYCOON, WHO STEPS DOWN AS HONORARY CHAIRMAN OF HARRODS IN NOVEMBER AFTER SELLING THE COMPANY TO THE QATARI ROYAL FAMILY FOR £1.5 BILLION, CLAIMED THAT THE WARRANTS HAD PUT A 'CURSE' ON THE STORE. IN A LETTER TO THE SUNDAY TELEGRAPH, HE WROTE: 'I ORDERED THEIR REMOVAL. LATER, I HAD THEM BURNED. THEY WERE A CURSE AND BUSINESS TRIPLED FOLLOWING THEIR REMOVAL.' THE WARRANTS, FROM THE QUEEN; THE DUKE OF EDINBURGH; THE LATE QUEEN ELIZABETH, THE QUEEN MOTHER; AND THE PRINCE OF WALES, WERE TAKEN DOWN IN 2000. THEY HAD BEEN DISPLAYED SINCE THE LATE QUEEN MOTHER FIRST GAVE HER APPROVAL IN 1938. THE DUKE HAD WRITTEN TO THE BUSINESSMAN FIVE MONTHS EARLIER TO INFORM HIM THAT HE WOULD NOT BE RENEWING HIS WARRANT AFTER 40 YEARS BECAUSE HE NO LONGER PATRONIZED THE KNIGHTSBRIDGE SHOP. HE HAD BEEN ACCUSED BY FAYED IN COURT OF MASTERMINDING THE DEATHS OF THE TYCOON'S SON DODI AND DIANA, PRINCESS OF WALES, IN A CAR CRASH IN 1997. IN HIS LETTER, FAYED, ALSO CALLS FOR THE STORE'S NEW OWNERS, WHO ENJOY CLOSE LINKS TO THE BRITISH ROYAL FAMILY, TO RETAIN THE TWO MEMORIALS THAT HE ERECTED TO THE MEMORY OF HIS SON AND THE LATE PRINCESS. ACCORDING TO SEVERAL NEWS SOURCES THE QATARIS ARE CONSIDERING THEIR REMOVAL. 'UNLESS AND UNTIL THIS COUNTRY GIVES THE PRINCESS THE THANKS AND DEVOTION SHE DESERVES IN THE FORM OF FITTING PUBLIC MEMORIAL, THIS STATUE, INNOCENT VICTIMS, SHOULD REMAIN TO REMIND THE WORLD OF WHAT WAS LOST WHEN TWO YOUNG PEOPLE, ON THE BRINK OF HAPPINESS TOGETHER, WERE KILLED', HE WROTE. THE OUTSPOKEN TYCOON DID NOT SAY WHETHER HE HAD BEEN GIVEN ANY REASSURANCES BY THE QATARIS ABOUT THE FUTURE OF THE BRONZE STATUE, WHICH WAS ERECTED IN 2005 AND DEPICTS THE PAIR RAISING THEIR HANDS TO A SEAGULL. HE CLAIMS, HOWEVER: 'I BELIEVE THE NEW OWNERS OF HARRODS REGARD IT WITH THE SAME REVERENCE AS THE THOUSANDS WHO VISIT IT EVERY WEEK.' A SECOND MEMORIAL, WHICH WAS UNVEILED IN 1998, CONSISTS OF PHOTOGRAPHS OF THE PAIR BEHIND A PYRAMID-SHAPED DISPLAY THAT HOLDS A WINE GLASS STILL SMUDGED WITH LIPSTICK FROM THE PRINCESS'S LAST DINNER, AS WELL AS A RING FAYED'S SON PURCHASED FOR HER THE DAY BEFORE THEY DIED DURING A VISIT TO PARIS. HELEN BOWMAN, OF ENGLISH HERITAGE, SAID THAT ALTHOUGH HARRODS WAS IN A LISTED BUILDING, THE MEMORIALS COULD BE LEGALLY REMOVED. SHE SAID: 'THESE ARE TEMPORARY STRUCTURES, AND, AS MUCH, WERE NOT PART OF THE ORIGINAL ASSESSMENT OF THE BUILDING'S ARCHITECTURAL AND HISTORIC MERIT. WE APPRECIATE, HOWEVER, THAT THERE MAY BE AFFECTION FOR THEM.'

MOHAMED FAYED ADMITS TO BURNING ROYAL WARRANTS

MOHAMED FAYED, THE FORMER OWNER OF HARRODS, HAS RECENTLY DISCLOSED THAT HE BURNED THE ROYAL WARRANTS AFTER THEY WERE REMOVED FROM THE FOUR CORNERS OF THE LONDON DEPARTMENT STORE. THE EGYPTIAN TYCOON, WHO STEPS DOWN AS HONORARY CHAIRMAN OF HARRODS IN NOVEMBER AFTER SELLING THE COMPANY TO THE QATARI ROYAL FAMILY FOR £1.5 BILLION, CLAIMED THAT THE WARRANTS HAD PUT A 'CURSE' ON THE STORE. IN A LETTER TO THE SUNDAY TELEGRAPH, HE WROTE: 'I ORDERED THEIR REMOVAL. LATER, I HAD THEM BURNED. THEY WERE A CURSE AND BUSINESS TRIPLED FOLLOWING THEIR REMOVAL.' THE WARRANTS, FROM THE QUEEN; THE DUKE OF EDINBURGH; THE LATE QUEEN ELIZABETH, THE QUEEN MOTHER; AND THE PRINCE OF WALES, WERE TAKEN DOWN IN 2000. THEY HAD BEEN DISPLAYED SINCE THE LATE QUEEN MOTHER FIRST GAVE HER APPROVAL IN 1938. THE DUKE HAD WRITTEN TO THE BUSINESSMAN FIVE MONTHS EARLIER TO INFORM HIM THAT HE WOULD NOT BE RENEWING HIS WARRANT AFTER 40 YEARS BECAUSE HE NO LONGER PATRONIZED THE KNIGHTSBRIDGE SHOP. HE HAD BEEN ACCUSED BY FAYED IN COURT OF MASTERMINDING THE DEATHS OF THE TYCOON'S SON DODI AND DIANA, PRINCESS OF WALES, IN A CAR CRASH IN 1997. IN HIS LETTER, FAYED, ALSO CALLS FOR THE STORE'S NEW OWNERS, WHO ENJOY CLOSE LINKS TO THE BRITISH ROYAL FAMILY, TO RETAIN THE TWO MEMORIALS THAT HE ERECTED TO THE MEMORY OF HIS SON AND THE LATE PRINCESS. ACCORDING TO SEVERAL NEWS SOURCES THE QATARIS ARE CONSIDERING THEIR REMOVAL. 'UNLESS AND UNTIL THIS COUNTRY GIVES THE PRINCESS THE THANKS AND DEVOTION SHE DESERVES IN THE FORM OF FITTING PUBLIC MEMORIAL, THIS STATUE, INNOCENT VICTIMS, SHOULD REMAIN TO REMIND THE WORLD OF WHAT WAS LOST WHEN TWO YOUNG PEOPLE, ON THE BRINK OF HAPPINESS TOGETHER, WERE KILLED', HE WROTE. THE OUTSPOKEN TYCOON DID NOT SAY WHETHER HE HAD BEEN GIVEN ANY REASSURANCES BY THE QATARIS ABOUT THE FUTURE OF THE BRONZE STATUE, WHICH WAS ERECTED IN 2005 AND DEPICTS THE PAIR RAISING THEIR HANDS TO A SEAGULL. HE CLAIMS, HOWEVER: 'I BELIEVE THE NEW OWNERS OF HARRODS REGARD IT WITH THE SAME REVERENCE AS THE THOUSANDS WHO VISIT IT EVERY WEEK.' A SECOND MEMORIAL, WHICH WAS UNVEILED IN 1998, CONSISTS OF PHOTOGRAPHS OF THE PAIR BEHIND A PYRAMID-SHAPED DISPLAY THAT HOLDS A WINE GLASS STILL SMUDGED WITH LIPSTICK FROM THE PRINCESS'S LAST DINNER, AS WELL AS A RING FAYED'S SON PURCHASED FOR HER THE DAY BEFORE THEY DIED DURING A VISIT TO PARIS. HELEN BOWMAN, OF ENGLISH HERITAGE, SAID THAT ALTHOUGH HARRODS WAS IN A LISTED BUILDING, THE MEMORIALS COULD BE LEGALLY REMOVED. SHE SAID: 'THESE ARE TEMPORARY STRUCTURES, AND, AS MUCH, WERE NOT PART OF THE ORIGINAL ASSESSMENT OF THE BUILDING'S ARCHITECTURAL AND HISTORIC MERIT. WE APPRECIATE, HOWEVER, THAT THERE MAY BE AFFECTION FOR THEM.'

MOHAMED FAYED ADMITS TO BURNING ROYAL WARRANTS