LVMH, PE compete for Amanresorts
LVMH Group is competing with unnamed private equity firms to acquire luxury Southeast Asia-based hotel chain Amanresorts International, Bloomberg reported, in a deal that could be worth $450 million.
Indian property developer DLF received at least five non-binding bids of $400 million to $450 million for Amanresorts, which owns 25 small luxury resorts in South and Southeast Asia, the Pacific Islands...
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