LVMH obtains half billion euro financing from Italian bank

One of Italy’s leading commercial banks BANCA INTESA SAN PAOLO approved in its latest board meeting held in Milan a 500 million euro loan for the Italian companies which are part of Bernard Arnault’s holding LVMH, namely: Acqua di Parma, Fendi, Berluti and Pucci. The loan will be used for the expansion strategy of the brands worldwide.