17 Dec 2018
LVMH Moët Hennessy Louis Vuitton (LVMH.PA), the world's leading luxury group and Belmond Ltd. (NYSE: BEL), owners, part-owners or managers of 46 luxury hotel, restaurant, train and river cruise properties, today jointly announced that they have entered into a definitive agreement for LVMH to acquire Belmond. LVMH is to acquire Belmond for $25.00 per Class A share in cash. This represents an equity value of $2.6 billion in a transaction with an enterprise value of $3.2 billion. In the twelve months ended September 30, 2018, Belmond recorded total revenues of $572 million and adjusted EBITDA of $140 million. The transaction is expected to complete in the first half of 2019 subject to the approval of Belmond's shareholders and clearance by the relevant competition authorities.
27 Nov 2018
Eastern & Oriental Express, the elegant icon of the rails in Asia, today launches a series of 'pop-up' culinary collaborations for 2019 with highly acclaimed international chefs Janice Wong, Luke Mangan, Didier Corlou and Ian Kittichai.
12 Nov 2018
This winter, Belmond Grand Hotel Europe has curated the Cultural Heritage Escape for discerning travellers to immerse themselves in true Tsarist elegance and discover the cultural treasures this enchanting city has to offer.