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|View ACRFF Detailed Price Forecast - CNN Money||View ACRFF Detailed Summary - Google Finance|
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AccorHotels drops plan to buy minority stake in Air France-KLM
Posted on Thursday July 26, 2018
AccorHotels (ACCP.PA), Europe's largest hotelier, said it had abandoned plans to buy a minority stake in Air France-KLM (AIRF.PA), which has been hit by boardroom and staff unrest. While some investors said they saw sense in a tie-up between AccorHotels and Air France-KLM, notably through cooperation on loyalty programmes, others had questioned why Accor would need to buy a stake in the troubled airline. The airline has been hunting for a new boss to fill a gap left by the abrupt departure of chief executive Jean-Marc Janaillac in May, after staff rejected a pay proposal aimed at ending strikes that have resulted in heavy losses.
AccorHotels, Qatar's Katara target Africa with new fund
Posted on Monday July 23, 2018
AccorHotels is joining forces with Qatar's Katara Hospitality to create a $1 billion fund to invest in sub-Sahara Africa, Europe's biggest hotels operator said on Monday. Rivals Hilton Worldwide Holdings Inc and Hyatt Hotels & Resorts are also taking aim at Africa where the International Monetary Fund (IMF) has forecast economic growth in sub-Saharan Africa of 3.4 percent this year, up from 2.8 percent in 2017.
Air France-KLM chairman blames Accor over CEO search delay
Posted on Friday July 13, 2018
Anne-Marie Couderc, the interim chairman of Air France KLM, has blamed AccorHotels for complicating and delaying the airline's search for a new chief executive, according to an internal memo seen by Reuters. The airline has been hunting for a new boss to fill a gap left by the abrupt departure of chief executive Jean-Marc Janaillac in May, after staff rejected a pay proposal aimed at ending strikes that have resulted in heavy losses. In June, the French hotel group said it was looking at taking a minority stake in the troubled airline group to help it compete better against travel packages offered by online rivals such as Expedia and Booking.com.
AccorHotels and sbe Entertainment Group Announce Strategic Partnership
Posted on Friday June 29, 2018
PARIS, June 29, 2018 /PRNewswire/ -- AccorHotels and sbe Entertainment Group ("sbe") have signed a Letter of Intent and entered into exclusive negotiations for AccorHotels to acquire a 50% stake in sbe, further illustrating AccorHotels's strategy to expand its offering in the luxury lifestyle hospitality segment. AccorHotels will acquire the 50% of sbe's common equity held in part by Cain International for $125 million. Sam Nazarian will continue to own the remaining 50% of sbe.