LVMH Offloads Majority Of Its Starboard Cruise Retail Business ...Middle East

Starboard’s latest big retail fit-out was on the cruise ship Celebrity Ascent. Celebrity Cruises The world’s largest luxury conglomerate, LVMH Moët Hennessy Louis Vuitton, has sold a majority stake in its little-known cruise retail business to a group of four investors led by Florida-based real estate magnate Jim Gissy, to form a new joint-venture company called Global Travel Retail Holdings. The financial terms were not disclosed. LVMH’s cruise business consists of cruise retailer Starboard Cruise Services and Onboard Media, a multimedia solutions business for the global travel and hospitality industry. The four new investors will take ownership positions in Starboard and Onboard while L

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