TRAPANI, FRANCESCO
COMPANIES AND ENTREPRENEURS , T
Francesco Trapani is an italian entrepreneur. He has worked for Bulgari, LVMH and the private equity fund Clessidra
Francesco Trapani was born in 1957. His father was a surgeon and his mother is Lia Bulgari, granddaughter of Sotirio Bulgari, a Greek silversmith of Ottoman origin, founder of the Bulgari group. He studied economics in Naples and in New York and in 1984 he took over the family business, transforming it into one of the most important luxury brands in the world.
Under Trapani’s guidance, Bulgari was listed on the Milan Stock Exchange and SEAQ International in London. In 2001 he created a joint venture with the Marriott hotel chain to open a series of Bulgari-branded hotels, called Bulgari Hotels and Resorts.
SALE OF BULGARI TO LVMH
In 2011 Francesco Trapani supervised the sales and integration of Bulgari within the French group LVMH. Following the sale, he was appointed director and chairman of the group’s watches and jewelry division, taking over from Philippe Pascal. The alliance with LVMH was aimed at expanding in areas with greater potential and at consolidating the prestige of the brand in more mature markets.
Trapani initially sold just over 100 thousand LVMH shares, collecting about 13 million euros, for a unit price between 127.5 and 128.15 euros per share. In May 2014, instead, it sold 200 thousand shares of the LVMH group at a price of € 142.4 per share. An operation that brought the manager approximately 28.5 million euros.
Francesco Trapani CEO of Bulgari
FROM CLESSIDRA TO FLORENCE
In 2014 he left the role while maintaining the position of director. Two years later he joined Clessidra, an Italian private equity fund specializing in luxury goods that manages Buccellati, Harmont&Blaine and Roberto Cavalli. He held the role of shareholder, operating partner and member of the Board of Directors with the office of Executive Deputy Chairman.
In 2016 he joined the shareholding of Tages Holding with a stake of 9% and from 2017 to 2019 he was on the Board of Directors of Tiffany. In 2020 he became president of Florence, a holding company dedicated to the first production centre for luxury clothing in Italy and promoted by Vam investments and the Italian investment fund. It was born from the acquisition of the Tuscan companies Giuntini, Ciemmeci fashion and Mely’s knitwear. Manifatture Cesari was then added.
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