Commenting on the merger, Arnault, chairman and chief executive offer of LVMH said: "Belmond delivers unique experiences to discerning travelers and owns a number of exceptional assets in the most desirable destinations. Its heritage, its innovative services, its excellence in execution and its entrepreneurship resonates well with the values of the Group and is complementary to our own Cheval Blanc Maisons and the Bvlgari hotels' activities. This acquisition will significantly increase LVMH's presence in the ultimate hospitality world."