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

Farm-to-table restaurant named best restaurant in UK

“The Good Food Guide 2014: The UK’s Top 10 Restaurants announced.    Seasonal, fresh and organic ingredients brought Chef Simon Rogan’s farm-to-table restaurant L’Enclume (located in Cartmel, Cumbria, England) the title of the best restaurant in UK, a recognition of the editors of “The Good Food Guide,” the UK’s best selling restaurant guide since 1951. … Read more