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LVMH’s Purchase of Belmond Could Mean More Boutiques for its Brands

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LVMH Moët Hennessy Louis Vuitton said on Friday it has received the requisite clearances from authorities to close on its acquisition of luxury travel operator Belmond, and that could mean more shops for its luxury brands. Initially thought to have synergies mostly with LVMH’s wine and spirits businesses, including a complementary base with its own…

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