Hints and tips:
...Instead Mr Bazin said that one arm of the company, HotelServices, would focus on the operational and franchise roles, which includes the Sofitel and Ibis brands....
...Accor, whose brands range from the high-end Sofitel to the economy-level Ibis, has witnessed its own share price fall 36.6 per cent over the same period....
...On Wednesday, Accor, whose brands include the high-end Sofitel chain and its economy range of Ibis hotels, said operating profits in the first six months of this year were €198m....
...The Paris-based group, whose brands include Sofitel and Ibis, the budget chain, reported a net loss of €599m last year against a €27m profit in 2011, mainly because of a €679m loss on the sale of Motel 6...
...Paris-based Accor, which runs the Sofitel and Ibis brands, is the most exposed to austerity-hit Europe, where it makes 75 per cent of its sales....
...● Earth Capital Partners has hired a sustainable agriculture and forestry team, led by Bosworth Monck, who used to be chief executive of Ibis Asset Management....
...The two, which have held shares directly and indirectly in Accor for the past three years, appear to have been disappointed with the share price performance of the owner of the Ibis, Novotel and Sofitel...
...The company plans to have 100 Ibis hotels in China by 2010. Gilles Larrive, senior vice-president for Ibis, says: “We have more than 20 hotels under construction....
...The investment will allow Accor whose hotel brands include Sofitel, Novotel and Ibis to accelerate its expansion in Europe and in emerging markets and enable it to achieve in three years what it had previously...
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