June 24, 2024

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This multi-billionaire group will sell most of its shares in one of its companies – La Nouvelle Tribune

This multi-billionaire group will sell most of its shares in one of its companies - La Nouvelle Tribune

LVMH, The luxury giant recently announced the signing of a major deal. Indeed, the group has agreed to sell a significant portion of its parent company in the cruise sales sector to a consortium of investors. Jim Gissey. However, LVMH It will remain a significant minority shareholder in the new entity, thus demonstrating its desire to maintain a strategic link in the sector.

The transaction marks a significant change in the company’s structure and paves the way for enhanced collaboration with new players. In its official press release, LVMH This new investment underscores the importance of partners. They bring significant expertise in the holiday retail sector, which is characterized by a culture of innovation and a growth mindset.

The collaboration will further strengthen and diversify the company’s cruise operations, opening doors to new strategies and growth opportunities. Sale of majority shares in Cruise Line Holdings Coincludes the activities of Starboard And Onboard Cruise ServicesIt will be finalized in the near future.

Although financial details have not been disclosed publicly, the operation demonstrates desire LVMH To redefine its strategic positions in the cruises and retail sector, thereby paving the way for new directions. Lisa BauerGeneral Director Starboard From his appointment LVMH In 2019, it will lead the retail business. The latter now extends beyond just cruise ships to include land-based outlets dedicated to vacations.

This strategic move will help expand the company’s presence and influence in the holiday retail sector, providing new opportunities for growth and diversification. The transaction marks a significant turning point for LVMH, demonstrating its desire for evolution and expansion in the cruise and retail sector. In one of our previous articles, billionaire Bernard Arnault bought a mansion in France for nearly €1 billion.

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