LVMH acquires Belmond hotel group

Louis Vuitton Moët Hennessy is going to acquire the luxury hotel group Belmond and the Orient Express service for US$3 billion.

As well as hotels in Rio di Janeiro and Venice, LVMH will acquire the group’s luxury cruise and train services as well.

Belmond operates 46 properties around the world including Le Manoir Aux Quat’Saisons in Oxfordshire and will open its first London hotel in Chelsea next year.

In addition to hotels, Belmond has various assets in luxury travel, most notably the famous Venice Simplon ‘Orient Express’.

Although LVMH has some assets in the hotel business this is a major boost to that part of its portfolio and provides an ideal distribution outlet for its wine and spirits brands.

LVMH, CEO Bernard Arnault said: “Belmond delivers unique experiences to discerning travellers and owns a number of exceptional assets in the most desirable destinations.

“Its heritage, its innovative services, its excellence in execution and its entrepreneurship resonates well with the values of the group and is complementary to our own Cheval Blanc maisons and the Bvlgari hotels activities.

“This acquisition will significantly increase LVMH’s presence in the ultimate hospitality world.”

The transaction is expected to be complete in the first half of 2019 following shareholder and competition authority approval.

One Response to “LVMH acquires Belmond hotel group”

  1. OnceASomm says:

    Wow, as if LVMH was not detestable as a company already

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletters

Trade Marketing Manager

Boisset La Famille des Grands Vins
London, UK

Senior Export Sales Manager (Beer)

Protege International Group Cyprus Ltd
London, UK

Accountant

Lanka Premium Beverages
Colombo, Sri Lanka

Marketing Executive

IWSC & Club Oenologique
London, UK

Sales Manager

Alliance Wine
Glasgow, UK

Sales Specialist

Spiritrade
London, UK

Sales and Business Development Manager (Spirits)

Protege International Group Cyprus Ltd
London, UK

Business Developer Europe

Vivino
Copenhagen, Denmark or Haarlem, Netherlands

Wine Sales Administration & Customer Service Assistant

Waddesdon Wine
Waddesdon, Aylesbury, UK

On Trade Sales Manager

Sekforde Drinks Ltd
London

OenoTrade Portfolio Tasting 2020

London,United Kingdom
26th Feb 2020

Wines of Portugal Annual Tasting 2020

London,United Kingdom
27th Feb 2020

Sangiovese Reset

London,United Kingdom
3rd Mar 2020
Click to view more