COMPAGNIE DES ALPES (EPA:CDA) - Compagnie des Alpes // Renewal of Jardin d'Acclimatation concession

Transparency directive : regulatory news

27/09/2016 11:07

Paris, September 27th 2016

CITY OF PARIS RENEWS JARDIN D'ACCLIMATATION CONCESSION WITH LVMH IN
COLLABORATION WITH COMPAGNIE DES ALPES

The Paris city council awarded on September 26th, by a large majority, the
Jardin d'Acclimatation concession to an 8020 partnership between the LVMH
group, which has been managing it since 1984, and Compagnie des Alpes, a major
player in the field of development and management of theme parks. This new
concession has been agreed for a total of 25 years, around a particularly
ambitious project.

The project is based on two concepts: the first being absolute respect for the
tradition, the image and the identity of the oldest attraction park in France,
and one that has been enticing generations of visitors since the second
Napoleonic Empire, and the second being an extensive programme to modernise
and diversify its activities, to rejuvenate and embellish the landscape and to
restore its heritage. This dual objective will bring a new dimension to this
unique place in Paris, accelerating a transformation process which is already
underway with the establishment of the Fondation Louis Vuitton. Eighteen
attractions will be created (9 will be free) and 26 existing attractions will
be renovated.

Remaining entirely faithful to the public service mission of the park, the
educational workshop programme will be developed, taking into account the role
of new technologies, of proposed sporting and cultural events, often with free
admission, accessibility to all and including dining facilities, redesigned to
appeal to all different tastes and aspirations.

All these developments will remain faithful to the original spirit of the
garden. It's architectural heritage dating from Napoleon III's era, one of the
largest and most complete of its kind in the capital, will be enhanced, while
its historic landscaping, created by landscape gardener Barillet-Deschamps will
be restored. The garden staff, currently numbering 250, will remain the same or
increase, and working conditions will be improved by the creation of a building
which will bring together all the offices and workshops, as well as changing
rooms, a canteen and common rooms under one roof.

The garden is an important part of the attractiveness of Paris and the region.
With a target of 2.5 million visitors a year, it will become an important
attraction for both Parisians and tourists. "The ethos of the garden is very
much a reflection of LVMH values: innovative but respectful of heritage," said
Bernard Arnault, Chairman and CEO of the LVMH group.

The garden has partnered with the Compagnie des Alpes, a subsidiary of Caisse
des Dépôts to improve its offering. "I am delighted that the Compagnie des
Alpes will be able to provide its expertise and be associated with this
splendid project in which we have a shared ambition" explains Dominique Marcel,
CEO of the organisation. Through this partnership LVMH, the world leader in
luxury, will be able to rely on the know-how of the foremost French theme park
operator.

About LVMH

LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a
portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve
Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d'Yquem, Domaine du Clos
des Lambrays, Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Wenjun,
Belvedere, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape
Mentelle, Newton and Bodega Numanthia. Its Fashion and Leather Goods division
includes Louis Vuitton, Céline, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi,
Emilio Pucci, Donna Karan, Marc Jacobs, Berluti, Nicholas Kirkwood and Loro
Piana. LVMH is present in the Perfumes and Cosmetics sector with Parfums
Christian Dior, Guerlain, Parfums Givenchy, Parfums Kenzo, Perfumes Loewe as
well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For
Ever, Acqua di Parma and Fresh). LVMH is also active in selective retailing as
well as in other activities through DFS, Sephora, Le Bon Marché, La
Samaritaine and Royal Van Lent. LVMH's Watches and Jewelry division comprises
Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers
Diamond Jewellers Ltd, a joint venture created with the world's leading diamond
group.

About Compagnie des Alpes

Since it was founded in 1989, Compagnie des Alpes has established itself as an
uncontested global leader in the leisure industry, where it currently ranks
number 10 worldwide. At the helm of 11 of the world's most prestigious ski
resorts (Tignes, Val d'Isère, Les Arcs, La Plagne, Les Menuires, Les 2Alpes,
Méribel, Serre-Chevalier, etc.) and13 renowned leisure destinations (Parc
Astérix, Grévin, Walibi, Futuroscope, etc.), the company is steadily
expanding in Europe (France, the Netherlands, Belgium, Germany, etc.) and, more
recently, at the international level (Grévin Montréal in April 2013, Grévin
Prague in May 2014, Grévin Seoul in July 2015 and engineering and management
assistance contracts (Russia, Morocco, Japan)). CDA also owns stakes in 4 ski
areas, including Chamonix. During the financial year ended September 30, 2015,
CDA facilities welcomed more than 22 million visitors and generated
consolidated sales of 696 MEUR. With more than 5,000 employees, Compagnie des
Alpes works with its partners to build projects that generate unique
experiences, the opposite of a standardized concept. Exceptional leisure
activities for everyone.

Contact Média Compagnie des Alpes

Sandra Picard (+33 1 46 84 88 53) sandra.picard@compagniedesalpes.fr
Xavier Yvon (+33 1 6 88 29 72 37) xavier.yvon@coriolink.com

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