Four Seasons diversification: Super-yacht and luxury item rentals
By Eva Morletto09 mars 2023
The Four Seasons hotel group is diversifying by offering a new luxury superyacht travel experience. In parallel, it is beginning partnerships with luxury rental companies, such as Club Vivrelle, to offer an increasingly personalized experience to guests.
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Trussardi brand placed in safeguard procedure
The Italian brand Trussardi has been placed in safeguard proceedings, following persistent financial difficulties. The company’s debts to banks amount to more than 51 million euros. The Court of Milan will now appoint an expert to find a recovery solution.
By Eva Morletto
LVMH buys back its own shares for 1.5 billion euros
After achieving record revenues of 79 billion euros in 2022, LVMH plans to acquire its own shares for a maximum amount of 1.5 billion euros, which will subsequently be canceled. This practice could increase the value and net earnings of the remaining shares.
By Eva Morletto
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