Hints and tips:
...The acquisition will be Vail’s second in Europe after it acquired Andermatt-Sedrun in Switzerland in 2022....
...Vail Resorts has been a catalyst.” Meanwhile, Andermatt-based property developer Agostino Franzosi is betting on prices rising in Crans-Montana “since the rumours”....
...Vail’s share price is down 10 per cent over the past 12 months....
...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....
...Vail is vast today, with 31 lifts and a flurry of luxury hotels, including a newly renovated Four Seasons....
...Many outlets described Vail’s “epic lift lines”, an oblique reference to the Epic Pass, the season-long pass introduced by Vail Resorts in 2008 which has revolutionised the US ski industry....
...“The fact that Warren Buffett chose to buy them speaks highly of his confidence in their corporate governance and business acumen,” said John Vail, chief strategist at Nikko Asset Management....
...Meanwhile, another celebrated Colorado destination, Crested Butte, has become the latest to be snapped up by Vail Resorts....
...He also serves as a director of Vail Resorts, which owns ski resorts including Whistler in Canada, Northstar in California’s Lake Tahoe and Park City, Utah....
...By lunchtime in New York, shares in Vail were up 1.3 per cent at $182.29....
...Meanwhile, the move by Vail Resorts should give buyers of US mountain property pause for thought....
...“It’s quite something,” said John Vail, chief global strategist at Nikko Asset Management. “It seems we’re in a goldilocks environment right now....
...Executives at Vail Resorts Inc may be rubbing their hands....
...The deal, which will add the busiest ski resort in North America to Vail’s portfolio, is expected to be completed by late this year....
...That’s the message from the owner of the landmark Vail ski resort in Colorado as well as California’s Tahoe, as it reported a jump in revenues and profits for a critical quarter for the industry....
...Vail Resort shares are up 40 per cent since the start of 2015....
...“Inertia has been historically high within wealth management,” said Tony Vail, chief innovation officer at Wealth Wizards....
...JM Smucker, Vail Resorts andH&R Block are the highlights of the earnings calendar....
...which is to fund M&A or other shareholder friendly activity and the other is to simply take advantage of the low interest rate while it is there and max it out to whatever level they can,” says Jennifer Vail...
...Last month, Vail Resorts, the Colorado-based company that operates 11 resorts across the US, announced that it had acquired Park City Mountain Resort at a cost of $182.5m....
.... ——————————————- Vail Resorts: Marketing and IT chiefs learn to ski in tandem At Vail Resorts, chief marketing officer Kirsten Lynch is proud of the job her team does telling potential customers about...
...Both Men’s Wearhouse and Vail were among the top 50 performers within the Russell 2000 on Friday....
...Now it’s a case of companies coming through with earnings estimates that are better than current forecasts,” says Mr Vail....
...But you can no more pretend to be digitally disruptive by surrounding yourself with the trappings of digital disruption than you can pretend to be wealthy by driving a Mercedes-Benz or vacationing in Vail...
...Despite the decline in traffic, Vail said lift ticket revenue was up 0.6 per cent by January 2. Dining revenue was down 5.6 per cent, however, because many slopeside restaurants were closed....
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