Baublicious! LVMH to Take Control of Bulgari

Never underestimate Bernard Arnault. The Louis Vuitton Moët Hennessy (LVMH) honcho didn’t let a global scandale, the swift firing of a singular creative talent he has championed for more than a decade, and a court-ordered delay of his Frank Gehry-designed showplace deter him from his appointed dealmaking. At around the time John Galliano was being parodied on Saturday Night Live, Arnault was inking a megadeal—valued at around $6 billion—that will give LVMH a controlling interest in Bulgari.