AccorHotel buys Canada's FRHI, owners of Fairmont, Raffles, Swissotel
French hotel group AccorHotel
Paris - Arab Today
French hotel group AccorHotel said on Wednesday it had agreed to buy Canada's FRHI, owners of the Fairmont, Raffles and Swissotel luxury hotel groups, from its current Qatari and Saudi owners.
The acquisition, which covers 155 hotels and resorts, will make AccorHotel a world leader in luxury hotels, it said, adding that it would pay for FRHI with a mix of a capital increase and $840 million (768 million euros) in cash.
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Beirut - NNA
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Paris - Al Maghrib Today
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Moscow - AFP
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Paris - Al Maghrib Today
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To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
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