Established over 40 years ago with the acquisition of Hotel Cipriani in Venice, Belmond owns and operates a global collection of hotel, rail and river cruise experiences in some of the world's most inspiring destinations. In fact, Belmond recently launched Ireland's first luxury sleeper train ( the Belmond Grand Hibernian) costing a tidy €7,722 a head for a six-night trip.
Now LVMH & Belmond have jointly announced this week that they have entered into a definitive agreement for LVMH to acquire Belmond for $25.00 per Class A share in cash, which represents an equity value of $2.6 billion. The transaction is expected to complete in the first half of 2019.
LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon and Dom Pérignon, while their perfume and fashion brands include household names like Christian Dior, Guerlain, Givenchy, DKNY, Kenzo Parfums, Perfumes Loewe, Benefit Cosmetics and Make Up For Ever. LVMH's Watches and Jewelry division comprises Bvlgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred and Hublot.