LVMH Completes the Agreement with Belmond
April 17 2019 - 9:01AM
Business Wire
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.
LVMHLVMH 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 LtdBelmond (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 at
investor.Belmond.com.
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LVMH CONTACTSAnalysts and investorsChris Hollis+
33 1 4413 2122MediaJean-Charles Tréhan+ 33 1 4413
2620MEDIA CONTACTSFranceMichel Calzaroni, Olivier
Labesse, Hugues Schmitt, Thomas Roborel de ClimensDGM Conseil+ 33 1
4070 1189ItalyMichele Calcaterra, Matteo SteinbachSEC and
Partners+ 39 02 6249991UKHugh Morrison, Charlotte
McMullenMontfort Communications+ 44 7921 881 800USJames
Fingeroth, Molly Morse, Anntal SilverKekst & Company+ 1 212 521
4800BELMOND CONTACTSMartin O’Grady EVP - CFO+ 44 20
3117 1333 E:martin.ogrady@belmond.comJocelyn BettsCorporate
Communications Director+44 20 3117 1362E:
jocelyn.betts@belmond.com
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