BRIEF-Rocket Internet to sell its remaining 8.8% stake in Lazada to Alibaba for $276 mln
* DGAP-NEWS: ROCKET INTERNET SE: ROCKET INTERNET TO SELL ITS REMAINING 8.8% STAKE IN LAZADA TO ALIBABA
PARIS, July 26 French luxury goods group LVMH on Friday said it wished to focus on growing its watch and jewellery business without making acquisitions and that restructuring and revamping the Bulgari brand was its priority.
"The focus is on organic growth," LVMH Finance Director Jean-Jacques Guiony told investors in a conference call about second-quarter results, adding that turning around Bulgari, acquired in 2011 for 3.7 billion euros, was a "long-term process." (Reporting by Astrid Wendlandt; Editing by Christian Plumb)
AMSTERDAM, June 28 Dutch healthcare company Philips has agreed to buy U.S.-based Spectranetics Corp , a maker of devices to treat heart disease, for 1.9 billion euros ($2.16 billion) including debt, as it expands its image-guided therapy business.