Hints and tips:
...for International Settlements warned last week of the risks that an “insurance market failure for climate-related risks” could spill over into a credit shock and force government to be insurers of last resort...
...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....
...Vail Resorts has 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....
...In Andermatt-Sedrun, another Swiss ski and golf resort in which a majority stake was bought by Vail Resorts a year ago, the number of overnight stays by North Americans quadrupled last winter....
...“As has always been the case, as a last resort, on a case-by-case basis and only when stringent privacy safeguards have been met, [the legislation] will enable Ofcom to direct companies to either use, or...
...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....
...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....
...Ski resort company Vail Resorts fell 7 per cent after reporting a fall in full-year on the year, slightly missing analysts’ expectations....
...The expansion will make Steamboat the second-largest resort in Colorado, after Vail....
...Ski operator Vail Resorts, meanwhile, which owns 41 mountain resorts worldwide, is not “preparing for more or less snowfall....
...In New Hampshire, for example, where Vail owns four resorts, its average elevation is 2,547ft....
...The US’s Vail Resorts took over Andermatt’s lift company in 2022, bringing a wave of new American visitors....
...The sheer size and interconnectedness of capital markets have forced central banks — in 2008, 2020 and 2023 — to become a backstop and buyer of last resort of securities to prop up both the banking sector...
...Vail Resorts is making its presence felt in the resort as Andermatt-Sedrun’s new majority owner, adding new lifts and terrain....
...Brookfield is still considering offloading a minority stake or recapitalising Center Parcs, but could also opt to hold the resort group for several more years, the people said....
...and Beaver Creek Resort....
...Over the past two years, the Biden administration has tightened China’s access to crucial AI chips, leading companies to stockpile ahead of bans, repurpose Nvidia gaming chips or resort to the black market...
...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....
...The Trump family’s luxury Scottish golf resort made its first profit since the acquisition almost a decade ago....
...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....
...agrees to buy Switzerland’s Crans-Montana ski resort in $136mn deal (FT) Occidental Petroleum emerges as lead contender to buy CrownRock (FT) Sweden’s Tesla strikes pit Elon Musk against European labour...
...The sector’s resilience explains why Choice Hotels International is looking to check into rival Wyndham Hotels and Resorts....
...The Canadian alternative assets group plans to sell the UK holiday resorts business for a mooted price of more than £4bn....
...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....
...Suggested reads Vietnam’s VinFast to spend up to $2bn on India car, battery plant (Nikkei Asia) Chinese companies resort to repurposing Nvidia gaming chips for AI (FT) Baidu’s bet on AI could make or...
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