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LVMH announced on Friday the signing of an agreement regarding the sale of a majority stake in Cruise Line Holdings, the parent company of the Starboard & Onboard Cruise Services business, to a group of private investors.
“These new investors bring together strategic partners in the field of Travel Retail based on a culture of innovation and an objective of growth,” LVMH said in a press release.
LVMH specifies that the luxury group will remain a significant minority shareholder in the new company.
(Reporting Sudip Kar-Gupta and Piotr Lipinski, French version Augustin Turpin, edited by Camille Raynaud)