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The The Copacabana Palace the most famous of Brazilian hotels, just joined the LVMH a huge family of top international brands. The French group LVMH Moet Hennessy Louis Vuitton SE or more simply LVMH, owner of several luxury brands, has announced the purchase of the Belmond network, which manages hotels around the world, whose l & # 39; historic Copacabana Palace, Rio de Janeiro; the hotel das Cataratas in Foz do Iguaçu (PR), the network of Venice Cipriani in Italy and the Grand Hotel Europe in Russia.
The French conglomerate announced the conclusion of the transaction for 3.2 billion US dollars. $ 2.6 billion in shares and the rest in debt. LVMH's involvement in the network comes at a time when, in segments where it is already well-established, the company does not have much to develop. Basically, Bernard Arnault – mega-French entrepreneur who is one of the world's luxury landowners – has acquired all the luxury brands that were lucky. Bulgari, Emilio Pucci, Kenzo, Marc Jacobs, Givenchy, Louis Vuitton, Veuve Clicquot, Christian Dior, Fendi, Moet & Chandon. Hublot, Tag Heuer, Hennessy, Yquem Castle, also Sephora, among others.
The very name of the conglomerate, LVMH, comes from the merger of Louis Vuitton with Moët Henessy, a traditional manufacturer of high quality beverages.
Belmond is present in 24 countries, managing 46 luxury hotels and buying is still subject to the approval of the shareholders of the network and the competent bodies, but the transaction should be finalized in the first half of 2019. [19659005] Advertisement
Travel Insurance with a discount of up to 15% !!! If you are planning a trip, do not forget to take insurance! ? Click on this link to find the best prices. ? ✔ LVMH already manages the Cheval Blanc hotel, located in the town of Cheval Blanc. Courchevel ski resort in the French Alps and the Bvlgari hotel chain. In addition to the Palace of Cocapacaba the agreement with Belmond will give LVHM other properties, including the only hotel in the citadel of Machu Picchu in southern Peru and the Splendido hotel in Portofino on the Italian Riviera the fast-growing French group in the travel and hospitality segment.
View of the corridors of the cup. Photo: Eduardo Madeira
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