YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
French luxury goods company LVMH Moet Hennessy Louis Vuitton SE agreed to purchase London-based hotel operator Belmond Ltd.
The deal for $25 a share in cash values the acquisition at $2.6 billion.
With fashion labels including Louis Vuitton and Christian Dior in its portfolio, LVMH already operates hotels, such as the Cheval Blanc in the French Alps.
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