LVMH Targets Growth in Hospitality with Acquisition of Chez L'Ami Louis

LVMH Moët Hennessy Louis Vuitton has strategically expanded its hospitality division by acquiring the iconic Paris bistrot, Chez L’Ami Louis. This move underscores the company's focus on enhancing its portfolio in the luxury hospitality market. LVMH has been actively broadening its reach in the hospitality sector, evidenced by its previous acquisition of Belmond Ltd. for $2.6 billion. This acquisition added prestigious properties like the Venice Simplon-Orient-Express and the Hotel Cipriani in Venice to its portfolio. The addition of Chez L’Ami Louis is seen as a continuation of this strategy, designed to enrich LVMH's luxury travel and dining experiences.

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