Editor
LVMH signed a deal to sell a majority stake in the parent company of its cruise retail business to a group of investors led by Florida property developer Jim Gissy, but will remain an “important minority shareholder” in the new entity, the luxury group said on Friday.
“The new investors are strategic partners in the vacation retail space with a culture of innovation and a growth mindset,” LVMH said in a statement.
The deal to sell the…
