LVMH is buying luxury hotel group Belmond for $3.2billion. Why?

This acquisition is LVMH’s biggest since it took full control of Christian Dior for more than $7 billion last year. French luxury behemoth Louis Vuitton Moet Hennessy (LVMH), has announced the acquisition of London-based luxury hotel group Belmond for $3.2 billion, or for $25 cash per share added with Belmond’s debts of $746.5 million. LVMH,…

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