Accor : Lenôtre Sales Contract Signed Accor (France)
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Accor : Lenôtre Sales Contract Signed Accor (France)
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Category: Europe - France - Industry economy -
Group or hotel buyout
This is a press release selected by our editorial committee and published online for free on 2011-08-03
Accor has announced that the contract to sell Lenôtre to Sodexo was signed today, after the favorable opinions issued by the Lenôtre and Accor works councils were received.
The transaction is expected to be completed by the end of September, subject to approval by the competition authorities.
About Accor
Accor, the world's leading hotel operator and market leader in Europe, is present in 90 countries with 4,200 hotels and more than 500,000 rooms. Accor's broad portfolio of hotel brands - Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, Adagio, ibis, all seasons, Etap Hotel, Formule 1, hotelF1 and Motel 6, and its related activities, Thalassa sea & spa and Lenôtre - provide an extensive offer from luxury to budget.
With 145,000 employees worldwide, the Group offers to its clients and partners nearly 45 years of knowhow and expertise.
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