Archive for April 29th, 2011

Accor wants to transfer Lenôtre

Auto Date Friday, April 29th, 2011

Accor is considering separating from Lenôtre, catering luxury present in thirteen countries with 64 schools. This decision is linked with the change of strategy group, which wants to focus entirely on the hospitality sector, according to a statement released Friday.

"The bodies representing staff were informed of these discussions and will be consulted when a project is developed more concrete," the statement said without giving further details. Accor said that some potential buyers have expressed interest in buying this prestigious culinary group.

Under pressure from some major shareholders, Accor has launched a process of refocusing on the hotel.He has sold its prepaid services, become Endered, sold the business to restaurants in the trains of the Compagnie des Wagons-Lits and sold the walls of a large part of its hotel brands Novotel, Sofitel and Formula 1 keeping only their management.

The announcement of this proposed sale leaves investors indifferent. This morning at 10:30, the title of the Accor Group in effect losing 0.33% to 30.15 euros in a market down 0.32%.