BELMOND acquired by LVMH

The acquisition of Belmond Ltd. by LVMH Louis Vuitton Moët Hennessy represents a strategic move by the luxury conglomerate to expand its presence in the hospitality industry. The deal brings together two leaders in the luxury sector, with Belmond's unique collection of hotels, trains, and river cruises complementing LVMH's existing portfolio of luxury brands. The acquisition is expected to enhance LVMH's ability to deliver exceptional experiences to its customers, while also providing Belmond with the resources and support to continue its growth and development. The transaction is seen as a positive move for both companies, with Belmond's CEO stating that the acquisition will enable the company to 'reach new levels' in delivering timeless, one-of-a-kind luxury experiences. The deal is also expected to have a positive impact on the luxury hospitality industry as a whole, with the combined entity well-positioned to drive innovation and growth in the sector. With its strong brand heritage and commitment to excellence, LVMH is expected to leverage Belmond's unique assets and expertise to further expand its presence in the global luxury market.

The acquisition of Belmond is part of the growth strategy of Lvmh, which already has several external growth operations under its belt, notably Colgin Cellars in 2017.