Technogym
Technogym
Technogym

LVMH to acquire Belmond

by Jane Kitchen | 14 Dec 2018

Luxury group LVMH Moët Hennessy Louis Vuitton will acquire Belmond Ltd – which owns, operates or manages 46 hotels, restaurants, train and river cruise properties – in a deal worth US$3.2bn.

The transaction is expected to complete in the first half of 2019, subject to the approval of Belmond’s shareholders and clearance by the relevant competition authorities.

Established over 40 years ago with the acquisition of Hotel Cipriani in Venice, Belmond operates in in 24 countries. Its properties include hotels like Hotel Splendido in Portofino, Copacabana Palace in Rio de Janeiro, Le Manoir aux Quat’Saisons in Oxfordshire, Grand Hotel Europe in St. Petersburg, Maroma Resort & Spa in Mexico, Hotel das Cataratas in the Iguassu National Park in Brazil, and Cap Juluca in Anguilla.

Legendary trains, such as the Venice Simplon-Orient-Express and Belmond Royal Scotsman – which features a Bamford spa carriage on-board – and cruises such as Belmond Afloat in France fleet complete the portfolio.

Through this acquisition, LVMH will significantly increase its presence in the luxury hotel world. In a press release, the company said that Belmond is an “ideal complement to the Cheval Blanc maisons”.

Roland Hernandez, chair of the board of directors of Belmond Ltd, commented: “Following a strategic review that attracted broad and deep interest from a wide range of real estate and lodging companies, sovereign wealth institutions and other financial buyers around the world, the Board has concluded that this transaction with LVMH provides compelling and certain value for our shareholders as well as an exciting path forward with a group that appreciates Belmond’s irreplaceable assets and strong management team.”

Bernard Arnault, Chairman and Chief Executive Offer of LVMH, added: “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.”

LVMH. Belmond  acquisition 
Related stories
24 Oct 2018

Muza Lab creates eco-friendly 'explorer’s camp' in Botswana

22 Oct 2018

Exclusive: Initial designs for Belmond Cadogan relaunch unveiled

12 Jul 2018

Belmond opts for youth for Cadogan project

11 Jul 2018

Belmond’s ancient Tuscan retreat includes Etruscan-inspired spa

16 Jun 2017

'Romance, nostalgia and freedom': Inge Moore's Muza Lab design luxury train for voyage through Peru

10 Jan 2017

Bamford spa carriage to launch aboard Belmond Royal Scotsman luxury train

24 Aug 2016

A sleeper train with a difference: Belmond launches design-led luxury rail experience for Ireland

Luxury group LVMH Moët Hennessy Louis Vuitton will acquire Belmond Ltd – which owns, operates or manages 46 hotels, restaurants, train and river cruise properties – in a deal worth US$3.2bn. The transaction is expected to complete in the first half of 2019, subject to the approval of Belmond’s shareholders and clearance by the relevant competition authorities. Established over 40 years ago with the acquisition of Hotel Cipriani in Venice,
SAB,CAS,HHR,HOT,RST
The Belmond Royal Scotsman features a Bamford spa carriage on-board
More news
News stories: 1 - 30 of 7738     
 
 
 
News stories: 1 - 30 of 7738     
 
 
 
company profile
Company profile: Matrix Fitness
Unrelenting drive to be the best at what we do underpins activity throughout our vertically integrated business life cycle.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
Nicholas Garrison, partner, FXFOWLE
"You can see the torch displayed in the window, like a beautiful piece of jewellery"

The architects behind the new Statue of Liberty Museum

The 2013 Pritzker jury described Ito as a “creator of timeless buildings”
Toyo Ito was born in Seoul in 1941. He studied architecture at the University of Tokyo
"I have one dream with my work. Architecture should equal nature"

The Pritzker Prize-winner talks about inspiration, battling bureaucracy and the Tokyo National Olympic Stadium saga with Kim Megson

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
features
The Allmannajuvet zinc mine museum opened last year
Peter Zumthor studied in Basel, Switzerland and New York. He launched his practice in Haldenstein in 1979
"I like to take my time"

The Pritzker Prize-winner on those LACMA renderings

Musée de la Romanité
French-Brazilian architect Elizabeth de Portzamparc designed the museum
"This museum is the smallest public facility I’ve worked on, but the most symbolic"

On her futuristic new museum

The Panda House features separate spaces for the male and female pandas
David Zahle
"I realised we’d created an environment where it was more about talent and trust than how much experience you had."

Designing the Panda House for Copenhagen Zoo

features
Daniel Sundlin
"What defines BIG’s style of visual communication is that our diagrams clearly capture the essence of our projects, meaning that it’s very easy for people who don’t know our projects well to understand them."

The vision for Google's UK and US HQs

Vastu points to bedrooms which are designed using a brown colour palette
"Vastu can be dated back to at least the 6th century and is deeply rooted in the physical and spiritual fabric of Hindu society"

Chris Godfrey of global architecture practice Hirsch Bedner, on bringing a spiritual dimension to residential architecture in India

Interview: Steven Holl on Donald Trump, Zaha Hadid and not being obedient
Steven Holl is widely considered to be one of America’s most important and influential architects
" What sound is to music, light is to space "

The acclaimed architect speaks to CLAD about Donald Trump, Zaha Hadid and not being obedient

cladkit product news
Mather & Co and ITV unite to create Coronation Street Experience
Mather & Co has transformed the visitor centre into the ultimate haven for ardent Coronation Street viewers
Magali Robathan
Experience designers, Mather & Co, have orchestrated a remarkable collaboration with ITV to unveil the new Coronation Street Experience, a ...
Eden project uses drones to spell out climate change warning
Magali Robathan
Almost 300 drones were used to signal an environmental message above the Eden Project’s biomes, during the UN Climate Change ...
Alberto Apostoli and Newform collaborate to launch the A.Zeta showerhead
The showerhead offers two modes; rainfall or waterfall
Megan Whitby
Italian architect Alberto Apostoli has renewed his partnership with Newform – an Italian wellness company – and designed A.Zeta. A.Zeta ...
cladkit product news
Jaffe Holden helps bring Academy Museum of Motion Pictures alive
Jaffe Holden provided architectural acoustics for the Academy Museum
Magali Robathan
Acoustical consulting firm Jaffe Holden provided architectural acoustics and audio/video design services for the recently opened Academy Museum of Motion ...
Codelocks develops new glass door smart lock
The new lock model allows facilities and building managers to create and manage access via an app or online portal
Megan Whitby
Codelocks has launched its first glass door smart lock to bring intelligent access control to modern spa, leisure, fitness and ...
Alberto Apostoli designs tech-forward Wellness Therapy furniture collection for Varaschin
The furniture collection draws on absolute geometries, pure lines, neutral colours and strong references to nature
Megan Whitby
Furniture manufacturer Varaschin has unveiled the new Wellness Therapy range, designed by Italian spa and wellness architect and designer Alberto ...
cladkit product news
Koto Design introduces wood-fired hot tub
Koto is known for crafting modular, energy-neutral cabins and homes
Katie Barnes
A striking wood-fired hot tub has been unveiled by Koto, an architecture and design studio which has a passion for ...
Diamond balloon concept merges tourist attraction with advertising billboard
Magali Robathan
A group of Dutch engineers have presented a new attractions concept that combines a flying observation cabin with LED digital ...
Fabio Alemanno Design uses elegant semi-precious stones to create memorable spa experiences
Alemanno believes the stones are well-placed in the spa environment thanks to their capacity to positively support physical and mental health
Megan Whitby
Fabio Alemanno Design has expanded its collection with semi-precious stones to enhance spas, wellness facilities, hotels and private residences. The ...
x
Sign up with CLAD for regular news updates
Technogym
Technogym