PROFILE |
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With operations spanning economy and luxury hotels, luxury goods, and light industry, Société du Louvre offers a medley of indulgences. The second-largest hotel group in France (behind Accor), the company's collection of hotels includes more than 900 economy hotels and more than 70 luxury hotels. It also owns perfume maker Annick Goutal, printing firm Groupe des Imprimeries Champenoises, 52% of fine crystal maker Baccarat, and 85% of home heating and appliance firm Deville. Société du Louvre has been fending off a takeover bid from corporate raider and minority owner Asher Edelman. France's Taittinger family owns 37% of the company and controls 56% of the voting rights.
COMPETITION |
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Accor (AC)
Marriott International, Inc. (MAR)
Six Continents Hotels, Inc. (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 681.30
1-Yr. Sales Growth: (6.0)%
Employees: 7,358
Revenue per employee: $92,593.10
KEY PEOPLE |
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Anne-Claire Taittinger
CEO
François Terrén
CFO
CONTACT INFO |
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58, boulevard Gouvion Saint-Cyr
75858 Paris Cedex, France
Phone: 33-158-0 00
Fax: 33-140-3 45
Online: Web Site
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