Paris-based LVMH, a luxury products company that owns the Louis Vuitton and Christian Dior fashion labels, agreed to acquire London-based Belmond and its portfolio of high-end hotels. The deal reflects a belief at LVMH that “the future of luxury is in luxury goods and luxury experiences,” Jean-Jacques Guiony, the finance chief of LVMH, told stock analysts during a conference call. LVMH, which acquired the Bvlgari hotel group in 2011, agreed to pay $3.2 billion for […]
source https://therealdeal.com/miami/2018/12/16/company-behind-louis-vuitton-and-christian-dior-to-buy-luxury-hotel-group/#new_tab
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