Luxury
LVMH To Acquire Luxury Hospitality Group
French luxury goods group Louis Vuitton Moet Hennessy LVMN.PA has agreed to buy luxury hotel group Belmond in a deal valuing the company at $3.2 billion. LVMH said it would pay $25 per Belmond share, a 40-percent premium over the Thursday closing price. The operation, which is expected to close…
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