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...Meanwhile Saudi Arabia’s Public Investment Fund bought a 49 per cent stake in Sir Rocco Forte’s luxury hotel group in December, with plans to double the chain’s size over the next five years.Munich-based...
...The survey underscores the broadly buoyant mood in the hospitality sector that has driven a return to dealmaking after the pandemic....
...dealmaking after the pandemic, following a travel boom last summer in Europe despite rising hotel and flight prices.Saudi Arabia’s Public Investment Fund bought a 49 per cent stake in Sir Rocco Forte’s luxury...
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...hospitality group Arsenale....
...A tie-up would give Tapestry a dominant slice of what the company has identified as the “accessible luxury” handbag market, the FTC said....
...Tapestry and Capri will both argue that the FTC has de facto fabricated a market in accessible luxury....
...The catering and hospitality sector is renowned for long hours, low pay and high pressure....
...“No diversified luxury brand has this distinctive connection to the culture of writing and has played such an important part in its evolution over the past 115 years.”...
...than Gen Z, and those that are well diversified across categories, such as fashion brands with strong hospitality and beauty businesses — poised to continue outperforming their peers....
...Shares in luxury watch retailer Watches of Switzerland plunged by 25 per cent at the open in London after the company became the latest luxury group to warn on profits....
...A luxury jewellery brand, for example, determined that the long queues outside one of its stores were putting off top clients, so it created a bar and lounge with a concierge and an appointments policy....
...The retailer is the latest in a string of luxury groups to flag a slump in high-end consumer spending following a pandemic-era boom....
...New layers of hospitality seating and luxury experiences cater to wealthier types of audiences....
...TGI Fridays said the deal would create a “global hospitality brand” offering “operational and financial flexibility, increased scale and capital to deliver continued revenue”....
...The deal is the latest in a long line of investments in the luxury hospitality sector by the PIF, as part of a push by the fund to diversify Saudi Arabia’s economy away from fossil fuels....
...This is destination hospitality writ large (as hospitality often is in Dubai), with a phalanx of celebrity chefs – among whose ranks are Martín Berasategui and Paris’s favourite enfant terrible (and sometime...
...Louis Vuitton’s construction on the Champs-Élysées is on the site of a former hotel, leading to speculation that the brand plans to open its first permanent hospitality location there....
...This month it begins an unlikely new life as the most prestigious suite in a hotel that heralds a new era of super-luxury hospitality in London, of billion-pound hotels where even the smallest rooms go for...
...“He is bringing the whole Dubai model to London,” said one London luxury agent. “He’s going to be ruthless on fees.”...
...Those mulling a punt on Cipriani’s new €500mn club venture will hope the high-end Italian hospitality group performs better than New York-listed rival Soho House....
...For a while there, our hospitality industry was run by engaged enthusiasts....
...I’ve found kaiseki a cold, emotionless luxury. At Hannah, I realised it can be hospitable, creative and warm. But it’s not about the tradition....
...hospitality, Datu Wellness founders Constantin Bjerke and Ellie Boulstridge set up shop temporarily last month in a restored medieval borgo about 20 minutes outside Siena....
...Per MainFT: Shares in luxury watch retailer Watches of Switzerland plunged by 25 per cent on Thursday after the company became the latest luxury group to warn on profits....
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