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News updates from November 30: Global stocks record best month in 3 years on rate cut hopes, US oil production rises to fresh record
Vail agrees to buy Switzerland’s Crans-Montana ski resort in $136mn deal
...Two of the world’s most prominent ski brands have struck a SFr118.5mn ($136mn) deal, with US-based Vail Resorts agreeing to acquire the upmarket Crans-Montana Mountain Resort in the Swiss Alps....
November 30, 2023
Vail Resorts Inc
Vail agrees to buy Switzerland’s Crans-Montana ski resort in $136mn deal
...Vail’s New York-listed shares were down 0.8 per cent at $213.49 on Thursday, implying a market capitalisation of around $8.2bn....
November 30, 2023
FT Live
Business of Football Summit
The global gathering of leaders in football and finance
Wednesday, 26 February 2025In-Person & Digital | London
Letter
Letter: Alas, wiser counsels look unlikely to prevail in Israel
...Hamas’s end is the destruction of Israel, but it has no hope of achieving that by force of arms given Israel’s overwhelming military superiority....
October 26, 2023
European prime property
Will a US-style upgrade draw homebuyers to Crans-Montana?
...Crans-Montana has put aside SFr30mn for the redesign of the finish area, new connecting paths and snow-making, says Bruno Huggler, head of its tourism office: “Vail Resorts’ experience of hosting this event...
December 12, 2023
Winter sports
Ski industry navigates new terrain to fend off threat of climate change
...It gives us a little bit more good feeling that someone will be at some of our resorts somewhere.” Vail is expanding its portfolio in Europe....
February 10, 2024
FT MagazinePink Snow 2023: a winter sports special
Pink Snow: news from the slopes
...Flemxpress.ch The future of boot rental? Vail Resorts, the largest ski operator in North America, is planning to shake up the equipment market by piloting a scheme that does away with rental shops....
October 12, 2023
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
News updates from October 2: Treasury yields hit 16-year high, Tesla reports weak Q3 deliveries
Tankan survey shows rising confidence at Japan manufacturers
...for a reading of 6....
October 2, 2023
Letter
Letter: Hamas shows Gazans ‘nothing but disdain’
...wiser counsels look unlikely to prevail in Israel / From Christopher G Glover, Cookham, Berkshire, UK...
October 23, 2023
Vail Resorts Inc
US skiing juggernaut Vail Resorts sharpens edge over smaller rivals
...A Financial Times analysis of northeastern ski businesses found Vail owns destinations that have a higher base elevation than the average of the market in the states of New York, New Hampshire and Vermont...
February 11, 2023
FT SeriesHouse & Home Ski Property Special
Ski-home buyers follow the snow in the face of climate change
...Vail’s Epic Pass, for example, allows holders access to any of its resorts. “It gives skiers the option of going where the snow is,” says Wilson....
November 17, 2023
Letter
Letter: It’s not enough for Starmer to diagnose Brexit problem
...They see no value in Brexit and increasingly their views will prevail....
September 22, 2023
Travel
Short cuts: Colorado’s first Michelin stars, Bhutan slashes tourist tax, and Eurostar’s new ski train
...Vail and Beaver Creek Resort....
September 2, 2023
Travel
All alone in the world’s biggest ski resort
...Altogether it boasts 425km of pistes and 127 lifts which, to put it another way, is more than Aspen, Whistler, Jackson Hole and Vail combined. I was even more impressed by the views....
February 3, 2024
Gideon Rachman
Israel and the lessons of 9/11
...gideon.rachman@ft.com Letter in response to this column: Alas, wiser counsels look unlikely to prevail in Israel / From Christopher G Glover, Cookham, Berkshire, UK...
October 23, 2023
Nilanjana Roy
Margaret Atwood, John Grisham and me — was AI right to use our books?
...This month, 17 of the world’s most famous fiction writers, including David Baldacci, Jodi Picoult, John Grisham, Rachel Vail, George RR Martin, Jonathan Franzen and George Saunders, joined a lawsuit filed...
October 3, 2023
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
FT Globetrotter
Snowscaping: the best day skiing from Zürich
...The US’s Vail Resorts took over Andermatt’s lift company in 2022, bringing a wave of new American visitors....
January 22, 2024
Due Diligence
VCs swarm Finland: saunas and reindeer but few deals Premium content
...PwC fined $7mn over exam cheating by China and Hong Kong staff (FT) UK to probe Abu Dhabi-backed bid for Telegraph group (FT) Ex-Goldman analyst and lawyer brother go on trial for insider dealing (FT) Vail...
December 1, 2023
Nigeria
Nigeria’s attempt to replace its currency notes descends into chaos
...Japhet Joshua Babatunde, one of those outside the FirstBank branch, said he had been unable to withdraw his salary despite being paid a week ago....
February 3, 2023
Scoreboard
Mark Cuban’s Mavericks bet Premium content
...Vail Resorts agreed to buy the Crans-Montana ski resort in the Swiss Alps, in a SFr118.5mn ($136mn) deal that will give the Colorado-based group ownership of an iconic European holiday destination....
December 2, 2023
FT MagazinePink Snow 2023: a winter sports special
25 ski trips to book now
...Vail Resorts is making its presence felt in the resort as Andermatt-Sedrun’s new majority owner, adding new lifts and terrain....
October 12, 2023
House & Home Ski Property Special
Hot property: five US ski homes for sale
...Who Christie’s International Real Estate House, Vail, Colorado, $16.95mn Where In Vail Village, one of two base villages for Vail Ski Resort....
November 17, 2022
Travel
Switzerland’s wildest ski tour
...Last year, Vail Resorts, the largest ski resort operator in the US, bought a controlling stake in Andermatt’s lift company; this month sees the opening of an outpost of Ibiza’s Cotton Club....
December 1, 2023
FT MagazineJoshua Chaffin
Our ski trip made me question my life choices
...Thus, when I encounter friends just back from an extravagant trip to Vail or Park City, I smile and ask: “How was the powder?”...
March 3, 2023
Exchange traded funds
Bank of Japan ETF ownership creeps back up to 63%
...John Vail, chief global strategist at Nikko Asset Management, said there were no concerns that the central bank might pull out of the ETF market....
August 17, 2022
European prime property
Buyers look beyond big-name resorts to get around Swiss restrictions
...A major exception to Lex Weber is Andermatt Swiss Alps in Uri canton, a traditional ski village revamped into a modern resort now managed by the American operator Vail Resorts....
March 24, 2023

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