LVMH Completes its Acquisition of the Belmond Group
The luxury goods company announced that the deal will strengthen its presence in the luxury hospitality space.
The Belmond group operates in 24 countries, managing 33 hotels, which represents approximately 3,100 rooms.
According to a company press release, the deal will increase LVMH’s “presence in the world of ultimate luxury hotels, adding a collection of unique experiences in inspiring destinations.”
The online clothing retailer announced that the new shoe line will officially launch on April 25th.
The new line, which is called Tread, is expected to be a low-impact shoe brand that plans to be eco-friendly and carbon neutral.
The move looks to bring the company to the $20 billion U.S. sneaker market.
Serena Williams Officially Launches a Venture Capital Fund
The tennis professional announced in an Instagram post that the fund looks to invest in companies that embrace diversity, creativity, and individual empowerment.
Serena Ventures, which has been quietly in operations since 2014, has invested in startups such as, Coinbase, Billie, and Lola.