The LVMH conglomerate is betting on a small but high-end French hotel group with properties in tourist hot spots like Tuscany in Italy and Minorca in the Mediterranean Sea for its latest expansion in the world of luxury travel.
LVMH Moët Hennessy Louis Vuitton has bought a stake of about 20% in Les Domaines de Fontenille, according to a person familiar with the transaction who declined to provide the entity’s value. While LVMH and Les Domaines de Fontenille announced the investment in a statement, they declined to comment on the stake size.
