TA Associates private equity firm has signed an agreement to acquire a 30% stake in Zadig & Voltaire, one of the most successful French brands in the new luxury ready- to-wear market. Zadig & Voltaire represents TA’s third investment in France since 2009 following investments in fund manager DNCA Finance and in a leading provider of … Read more
The Best New Spas of 2012: best urban and rural retreats around the world The the US-based publication Conde Nast Traveler, one of the world’s most influential travel publications, has revealed its annual list of the hottest new spas of the 2012. The magazine has compiled also a list of the hottest new hotels and … Read more
LVMH Moët Hennessy Louis Vuitton luxury group reported a 25% increase in first quarter 2012 revenue to 6.6 billion Euros In Fashion & Leather Goods, Louis Vuitton continued its double-digit growth (+ 17 %). The Wines & Spirits business (+ 22 %) as well as that of Perfumes & Cosmetics (+ 12 %) saw … Read more
Pegasus Capital Advisors, a US-based private equity fund manager has entered into a binding agreement to acquire the Bangkok-based ultra-luxury resort and spa business of Six Senses Resorts & Spas for an undisclosed sum. Under the terms of the deal, Pegasus will acquire all of the Six Senses and Evason branded resort and spa management … Read more
Salvatore Ferragamo to develop a Mideast hotel project Salvatore Ferragamo is considering expanding into the hospitality sector in the Middle East, following in the footsteps of colleagues and rivals Giorgio Armani (Dubai), Versace (Palazzo Versace in Dubai) and Missoni (Kuwait) who have launched hotel plans in the region, a senior company executive told Arabian Business. “We are … Read more
Marriott aims to double footprint in the Caribbean and Latin America by 2017 Marriott International plans to double the number of hotels in the Caribbean and Latin America within the next five years. The company said also it expects to double its presence in Colombia with the additions of Marriott hotels in both Cartagena and Cali. … Read more