Pursuits
LVMH Said to Weigh Bidding for Amanresorts Luxury Hotel Chain
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LVMH Moet Hennessy Louis Vuitton SA is among companies that might be seeking to acquire luxury-hotel chain Amanresorts International Pte, said two people with knowledge of the matter.
DLF Ltd., an Indian real estate developer, has received at least five non-binding bids of $400 million to $450 million for Amanresorts, one of the people said, speaking on condition of anonymity as the details are private. Amanresorts owns and manages 25 small luxury resorts worldwide, according to its website.