French luxury group LVMH Moët Hennessy Louis Vuitton (LVMHF.PK,LVMUY.PK) has agreed to acquire Belmond Ltd. (BEL) for an equity value of $2.6 billion, the companies said Friday. Shares of Belmond are gaining 40 percent in the regular trading session.
Belmond is a London-based owner and operator of 46 luxury hotel, restaurant, train and river cruise properties. The company also operates '21' Club, one of New York's most storied restaurants.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.