Wednesday, May 22, 2024
Wednesday, May 22, 2024
HomeNewsBrandsLA BOTTEGA announces strategic investment in VANITY GROUP

LA BOTTEGA announces strategic investment in VANITY GROUP

Leading hotel experience curators, LA BOTTEGA have announced the acquisition of a majority stake in VANITY GROUP marking a significant milestone in the growth and expansion of both organisations.

The acquisition means that, together, LA BOTTEGA and VANITY GROUP have representation in over 120 Countries, boast a combined team of over 500 people, and over 100 of the most in demand, progressive brands with a list of global luxury hospitality clients.

Recognising and respecting the unique strengths that VANITY GROUP brings to the table, the acquisition sees LA BOTTEGA leveraging the team’s combined expertise, that they say will create “a powerhouse that sets new standards in the high-end hospitality industry”.

Paul Tsalikis, VANITY GROUP’s Chairman, retains an equitable share hold in the transaction and will continue to drive the business, ensuring continuity amongst managers and associates.

Tommaso Pacini, Chairman of LA BOTTEGA, said, “In the last five years, looking at VANITY GROUP’s remarkable development, it made strategic sense to partner with them to forge the next generation of Hospitality Curators. We retain our signature brand identities but combine forces across global distribution and creating an impressive, shared brand portfolio – honouring our commitment to enriching the hospitality industry. We’re looking forward to exchanging ideas, being curious, and pampering guests all around the world.”

Paul Tsalikis, Chairman of VANITY GROUP said, “LA BOTTEGA share the same creative spirit, dedication to innovation and the gusto to transform the in-room hotel experience. While we continue to operate as separate entities, together, we expand and strengthen our unique model to the market: part guest cosmetics powerhouse and part creative agency – focussed on creating unforgettable experiences for guests.”

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