Orient Express sold to owner of Christian Dior and Louis Vuitton

Photo of Orient Express sold to owner of Christian Dior and Louis Vuitton
Facebook
VKontakte
share_fav

LVMH acquires Venice’s Hotel Cipriani and Hotel Splendido in Portofino as part of £2.5bn deal

The Orient Express has been sold to LVMH, the French luxury goods company that already owns Christian Dior, Louis Vuitton and Moët & Chandon champagne, as part of a $3.2bn (£2.5bn) deal that also includes the Hotel Cipriani in Venice, the Hotel Splendido in Portofino and 44 other deluxe hotels around the world.

LVMH, which is run by France’s richest man, Bernard Arnault, announced on Friday it had agreed a takeover of Belmond, the British company that runs the Venice Simplon-Orient-Express and the Royal Scotsman as well as high-end river cruises and hotels across 24 countries.

Continue reading...
view The Guardian: World News
#rail industry
#rail travel
#luxury goods sector
#mergers and acquisitions
#rail transport
#europe
#france
#business
#uk news
#the super-rich