LVMH completes the agreement with Belmond
17 Avril 2019 - 03:03PM
April 17, 2019
LVMH Moët Hennessy Louis Vuitton
SE (LVMH.PA), the world's leading luxury group, and Belmond Ltd.
(NYSE: BEL), owners, part-owners or managers of 45 luxury hotel,
restaurant, train and river cruise properties, today declared that
the acquisition of Belmond by LVMH has been completed.
This transaction, which was
announced on December 14, 2018, received approval from Belmond's
shareholders on February 14, 2019, and closed effective today.
Under the terms of the $3.2
billion enterprise value transaction, Belmond's shareholders
received $25.00 per Class A share in cash. With the completion of
the acquisition, Belmond's Class A common shares will no longer be
listed on the New York Stock Exchange.
LVMH
LVMH Moët
Hennessy Louis Vuitton is represented in Wines and Spirits by a
portfolio of brands that includes Moët & Chandon, Dom Pérignon,
Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d'Yquem,
Domaine du Clos des Lambrays, Château Cheval Blanc, Colgin Cellars,
Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de
Mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des
Andes, Cape Mentelle, Newton, Bodega Numanthia and Ao Yun. Its
Fashion and Leather Goods division includes Louis Vuitton,
Christian Dior Couture, Celine, Loewe, Kenzo, Givenchy, Pink
Shirtmaker, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Nicholas
Kirkwood, Loro Piana, RIMOWA and Jean Patou. LVMH is present in the
Perfumes and Cosmetics sector with Parfums Christian Dior,
Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe, Benefit
Cosmetics, Make Up For Ever, Acqua di Parma, Fresh, Fenty Beauty by
Rihanna and Maison Francis Kurkdjian. LVMH's Watches and Jewelry
division comprises Bvlgari, TAG Heuer, Chaumet, Dior Watches,
Zenith, Fred and Hublot. LVMH is also active in selective retailing
as well as in other activities through DFS, Sephora, Le Bon Marché,
La Samaritaine, Groupe Les Echos, Cova, Le Jardin d'Acclimatation,
Royal Van Lent, Belmond and Cheval Blanc hotels.
BELMOND
Ltd
Belmond (Belmond.com) is a
global collection of exceptional hotel and luxury travel adventures
in some of the world's most inspiring and enriching destinations.
Established over 40 years ago with the acquisition of Belmond Hotel
Cipriani in Venice, its unique and distinctive portfolio now
embraces 45 hotel, rail and river cruise experiences in many of the
world's most celebrated destinations. From city landmarks to
intimate resorts, the collection includes Belmond Grand Hotel
Europe, St. Petersburg; Belmond Copacabana Palace, Rio de Janeiro;
Belmond Maroma Resort & Spa, Riviera Maya; and Belmond El
Encanto, Santa Barbara. Belmond also encompasses safaris, seven
luxury tourist trains, including the Venice Simplon-Orient-Express,
and two river cruises. Belmond also operates '21' Club, one of New
York's most storied restaurants. Further information on the Company
can be found atinvestor.Belmond.com.
LVMH CONTACTS
Analysts and investors
Chris Hollis
LVMH
+ 33 1 4413 2122 |
Media
Jean-Charles Tréhan
LVMH
+ 33 1 4413 2620 |
MEDIA CONTACTS |
|
France
Michel Calzaroni, Olivier Labesse, Hugues
Schmitt,
Thomas Roborel de Climens
DGM Conseil
+ 33 1 4070 1189 |
Italy
Michele Calcaterra, Matteo Steinbach
SEC and Partners
+ 39 02 6249991 |
UK
Hugh Morrison, Charlotte McMullen
Montfort Communications
+ 44 7921 881 800 |
US
James Fingeroth, Molly Morse, Anntal
Silver
Kekst & Company
+ 1 212 521 4800 |
BELMOND CONTACTS
Martin O'Grady
EVP - CFO
+ 44 20 3117 1333
E: martin.ogrady@belmond.com |
Jocelyn Betts
Corporate Communications Director
+44 20 3117 1362
E: jocelyn.betts@belmond.com |
PDF Version
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: LVMH via Globenewswire
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