LVMH Mo«t Hennessy Louis Vuitton SE (LVMH.PA), the worlds 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 Belmonds shareholders on February 14, 2019, and closed effective today.
Under the terms of the $3.2 billion enterprise value transaction, Belmonds shareholders received $25.00 per Class A share in cash. With the completion of the acquisition, Belmonds Class A common shares will no longer be listed on the New York Stock Exchange.
LVMH LVMH Mo«t Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Mo«t & Chandon, Dom Prignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Ch¢teau dYquem, Domaine du Clos des Lambrays, Ch¢teau Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volc¡n 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 March, La Samaritaine, Groupe Les Echos, Cova, Le Jardin dAcclimatation, 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 worlds 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 worlds 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 Yorks most storied restaurants. Further information on the Company can be found at investor.Belmond.com.
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