Bloomberg LVMH is betting $2.6 billion that consumers who spend $1,000 on a Louis Vuitton bag will splash out for a $2,000-a-night hotel on Italy’s Amalfi Coast. The French luxury giant agreed to buy Belmond Ltd., owner of New York’s ‘21’ Club and high-end resorts around the world. The transaction is LVMH’s largest since taking full control of Christian Dior ...

Bloomberg A majority of the UK cabinet considers Prime Minister Theresa May’s Brexit deal to be dead and three factions are discussing other options, including a second referendum, The Times reported. The rival groups plan to make opposing demands to May at a meeting next week, the newspaper said, without saying how it got the information. One group — Works ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) has signed a joint venture agreement with Sial Middle East, to work together to grow and develop the Sial Middle East event at the Abu Dhabi National Exhibition Centre through 2021. The strategic agreement enables Adnec to further promote Abu Dhabi as the region’s leading mice hub in international markets ...