Tourism is an important part of life in Alaska. In fact, last year, tourism brought in nearly $158 million in revenue for the state.
Christian Louboutin Takes Stake in Hotel Operator Experimental
12.07.2024 - 19:53 / skift.com / Sean Oneill / Christian Louboutin
Christian Louboutin, the luxury shoe designer known for red-soled footwear, has acquired a stake in Experimental Group, a Paris-based hospitality company.
The financial terms weren’t disclosed.
Experimental Group operates over 20 hotels, restaurants, and bars across Europe, including properties in London, Paris, Ibiza, and the Cotswolds.
This isn’t Louboutin’s first foray into hospitality. Last year, the designer opened his first hotel, Vermelho, in the Portuguese village of Melides.
Louboutin’s move signals a long-simmering trend of fashion brands expanding into the hospitality sector, blending high-end design with travel experiences. There’s a Palazzo Versace Dubai, an Armani Hotel Dubai, Burj Khalifa in Dubai, Ferragamo’s series of Portrain hotels, and Elle magazine’s Paris boutique.
LVMH earlier this year bought a stake in Accor’s Orient Express, and the luxury supergroup is expanding its Belmond hotel brand.
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