LVMH to increase presence in the luxury hospitality with the acquisition of Belmond
LVMH, the world’s leading luxury group, will significantly increase its presence in the ultimate luxury hotel sphere. LVMH is to acquire Belmond, the owner of 46 luxury hotels, restaurants, trains and river cruise properties. LVMH will pay $25.00 per share in cash. This represents an equity value of $2.6 billion in a transaction with an … Read more