Copacabana Palace sold to Louis Vuitton for 3.2 billion US dollars



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Transaction made by LVMH, a huge family of high-level international brands run by the French brand

The Copacabana Palace an iconic hotel located in the city of Rio de Janeiro, Brazil, is one of the most important cities of Brazil. in front of Copacabana beach in Rio de Janeiro, has just been bought by the owner of the company Louis Vuitton .

The transaction made by LVMH a huge family of brands The leading international brands at the head of the French brand amounted to [3,290 milliards] dollars of which 2.6 billion were in stock and the rest in debt.

luxury was purchased in Belmond, a British company that owns and operates luxury hotels such as the Copacabana Palace in Rio de Janeiro and the Venice Cipriani network.

In addition to Louis Vuitton, LVMH is also behind the Christian Dior brand. and already has hotels like Cheval Blanc, in the prestigious

The agreement with Belmond will also give LVHM other properties, including the only hotel located in Machu Picchu, in the south of Peru, and the hotel Splendido, located in the French Alps, in addition to the Bvlgari hotel chain. in Portofino, on the Italian Riviera, which led the French group to a rapid growth in the travel and hospitality segment

See also : Chanel announces that it is not Will use more exotic fur


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