How it started
History
The company was founded in 1976 by American entrepreneur James Sherwood, who acquired the Hotel Cipriani in Venice, Italy, from the Guinness family for £900,000. Sherwood then bought a number of carriages from the defunct Orient Express, which he restored as the Venice Simplon-Orient-Express, which began offering rides in 1982 from Paris and London to his hotel in Venice. Much of the history of the company is documented in Sherwood's memoir Orient Express: A Personal Journey.
On 10 March 2014, Orient-Express Hotels Ltd was renamed Belmond, and on 1 July 2014, Belmond's holding company was also renamed Belmond Ltd.
In April 2015, Belmond partnered with Irish Rail to launch the train Belmond Grand Hibernian in Ireland. In July 2016, Indian Hotels Company Limited sold most of its 5.1% stake in Belmond, retaining only 0.44% after the sale.
In December 2018, the company agreed to be acquired by LVMH in a $3.2 billion transaction which would delist the company from the New York Stock Exchange and make it 100% privately owned. The announcement of the sale led Belmond's share price to increase by 40% in a day. The deal closed in April 2019.
Belmond has continued to grow its portfolio in Italy. In September 2021, it acquired Villa Beatrice in Portofino. In February 2023, the company announced an agreement with Sardegna Resorts S.r.l to manage Romazzino in Sardinia.
From Wikipedia’s article on Belmond, shared under CC BY-SA 4.0.2