Bulgari Ireland racks up surge in sales on international growth
Bulgari’s Irish business has reported a 10% increase in sales to €1.1 billion as profits more than doubled to €109 million last year.
The luxury jewellery company owned by LVMH redirects sales from across the world to its Irish arm, using a structure also employed by tech firms such as Facebook and Apple.
Documents recently filed in Dublin have shown that sales grew significantly last year after increased demand internationally, particularly in Asian countries, the Irish Times reported.
Sales derived from Asia, excluding Japan, increased by almost €100 million during the year, reaching €474 million. A further €120 million came from the Americas, while Japan also contributed €120 million. Meanwhile, €133 million were routed from Middle East.
Bulgari, whose campaigns have been fronted by famous celebrities including Julianne Moore, Carla Bruni, Rachel Weisz and Bella Hadid, employes 141 people in Ireland.
According to reports, it is planning to open an international distribution centre at the Horizon Logistics Park near Dublin Airport to serve overseas demand.
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