The Accor Group, Andera Companions and associate traders at present introduced that they’ve entered into unique negotiations for Accor to accumulate a 63% stake in Potel & Chabot which it doesn’t at the moment personal. After this transaction, Accor will change into the only shareholder of Potel & Chabot which will likely be consolidated inside the Group’s Luxurious & Way of life Division. The contemplated transaction is topic to customary regulatory authorizations. Closing is anticipated to happen within the fall of 2023.
Based in 1820, the Potel & Chabot group, now referred to as Momense, boasts unmatched experience in creating tailor-made reception occasions. By its two homes, Potel & Chabot and Saint Clair, Momense has change into the popular caterer for prestigious occasions in France and the world over. Its companies are divided into three classes: company occasions for multinationals and personal clientele; main sporting and cultural occasions such because the French Open, hospitality occasions of the PSG, the 24 Hours of Le Mans and the Saut Hermès; and personal occasions in distinctive venues positioned within the coronary heart of the French capital which embrace none apart from the Pavillon Gabriel, the Pavillon Cambon, the Hôtel d’Évreux and the Pavillon Dauphine. In 2023, Potel & Chabot is anticipated to generate income of round €130 million, making a constructive contribution to the Group’s outcomes.
For Accor, this transaction aligns with its technique to simplify the Group’s minority holdings. By buying this distinguished model, Accor will profit from an experience that enhances the Group’s technique to ship augmented hospitality and set up upscale occasions. The Group will now be positioned to totally mix Potel & Chabot’s acknowledged know-how with its personal standing as a number one supplier of luxurious hospitality. As such, Accor friends will profit from the most effective companies and experience of tailor-made reception occasions.
About Accor, a world-leading hospitality group
Accor is a world main hospitality group providing experiences throughout greater than 110 international locations in 5 400 properties, 10 000 meals & beverage venues, wellness services or versatile workspaces. The Group has one of many business’s most various hospitality ecosystems, encompassing greater than 40 resort manufacturers from luxurious to economic system, in addition to Way of life with Ennismore. Accor is dedicated to taking constructive motion by way of enterprise ethics & integrity, accountable tourism, sustainable growth, group outreach, and variety & inclusion.  Based in 1967, Accor SA is headquartered in France and publicly listed on Euronext Paris (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the US. For extra data, please go to www.group.accor.com or comply with us on Twitter, Fb, LinkedIn, Instagram and TikTok. 
Charlotte Thouvard
Senior Vice President Group Exterior Communications
Accor
