LVMH Louis Vuitton Moët Hennessy, which is one of Illusthrone’s valued customers, has completed its acquisition of Belmond Ltd and the luxury hospitality brand’s portfolio of 45 hotels, restaurants, trains, and cruise liner properties. The $3.2 billion transaction was first announced in December 2018 and received approval on February 14th, 2019. The deal ultimately allows the Parisian luxury lifestyle conglomerate to increase its influence in the hospitality industry.
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.
