Bulgari SpA is an Italy-based holding company of the Bulgari Group, which is engaged in the production and sale of luxury products, including jewelry, watches, perfumes, cosmetics and accessories. In addition, the Group operates luxury hotels in Milan and Bali. The Group distributes its products through a network of exclusive stores in the world’s major cities, as well as franchise stores. The Bulgari Group consists of 52 companies in 24 countries, including Bulgari Perfumes Italia SpA, Bulgari International Corporation (BIC) NV, Bulgari Accessori Srl, Bulgari Gioielli SpA, Bulgari Italia SpA, Bulgari Collection Internationale SA, Bulgari Hotels & Resorts BV and Bulgari Reinsurance Company Ltd, among others.