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Spotlight | France, Italy
How Accor CEO Sébastien Bazin became Bernard Arnault's latest rival

High-end hotel and restaurant companies are maintaining their growth. That is particularly true of Accor, whose share price has risen steadily over the past six months; LVMH's, meanwhile, has dropped.
High-end hotel and restaurant companies are maintaining their growth. That is particularly true of Accor, whose share price has risen steadily over the past six months; LVMH's, meanwhile, has dropped. © Studio Pachamama
The eternal rivalry between luxury giants LVMH and Kering acquired legendary status during their battle to buy Gucci in the 1990s. But that duel is gradually being eclipsed by the tug-of-war between the Bernard Arnault-led group and hotel giant Accor in the high-end hospitality sector. [...]
Published on 14.12.2023 at 05:00 GMT Reading time 4 minutes

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