The Bulgari family, founders of the namesake jewellery company, has been torn apart by a bitter row between two fourth-generation sisters over control of two trusts totalling $130m. The sisters' animosity has rattled their entire clan, which could eventually have an impact on LVMH, where the Bulgaris are the second-largest family shareholders.
Ilaria Bulgari, great-granddaughter of the luxury jeweller's founder, is involved in a legal dispute in the United States against her sister Veronica Bulgari and her father Nicola Bulgari. She has also been waging a war against the Swiss firm in Geneva that manages the family's fortune.
There's a new twist in the ongoing dispute between sisters Veronica Bulgari and Ilaria Bulgari, who have been at loggerheads for three years over two trusts worth nearly $130m.
Following three months of failed mediation efforts, the legal dispute between Veronica and Ilaria Bulgari, great-granddaughters of the luxury jeweller's founder, is playing out between New York, Switzerland and Italy.
Veronica and Ilaria Bulgari - great-granddaughters of the founder of the Bulgari jewellery dynasty - have been at loggerheads for three years over the management of two trusts that belonged to their late mother, and that hold a total of nearly €130m.
A fraught legal battle playing out in the United States between two siblings from the fourth generation of the Bulgari jewellery dynasty is having knock-on effects for a discreet Swiss firm that manages the family's fortune.
