Accor is a company in the hospitality business, a French chain of hotels.
The company profile offered in this article, and the next where more details are shown, discusses some main characteristics of this company.
The hospitality sector is dedicated to offering hospitality to users; hotels are the main component in this business but not the only element.
In this profile you will find more about: - a current issue of the company and some investors that have certain ideas to change the company.
- the business units are shown and one unit is explained in detail - currently under attack of investors - some main characteristics about the management of the various brands - some sustainability issues this company is dealing with, but which is common in the sector, for example how to control the water usage.
- the corporate government structure To start with the last the corporate government structure is similar to the best-practice; the chairman is a non-executive director whose main responsibility is bridging the gap between shareholders and management.
"Accor chairman Serge Weinberg told shareholders the group has no plans to break up its activities and 'has the means' to develop both its hotel and services businesses in the medium term.
" (1) This current issue shows the main structure of the company and its business and how investors think about it.
Investors, hedge funds and other market parties are more and more involved in strategic decisions of companies.
In many cases indirectly.
Why should so many companies be split-up just to offer more shareholders value? What would be the synergy of the business services with the hotel business? "Analysts have seen the shareholder pact announced earlier this month by investment companies Eurazeo and Colony Capital as creating pressure for Accor to carry out value-creation moves, including potential further property sales and the sale of its services division.
" (1) Under their five-year pact, Eurazeo and Colony have taken a combined 17.
52 percent stake in Accor's capital and plan to raise this holding to 30 percent.
The investors said in their press release this month that they 'do not intend to take control' of Accor.
"Chief executive Gilles Pelisson said the 'real challenge' for the group was its valuation, arguing that it needs to explain to the market how to analyze its hybrid model of operating hotel and services activities.
" (1) The performance of Accor shares outperformed the CAC-40 both in the year to date and in the 2005 to 2008 period (1).
...
to be continued.
(1) - In: Accor says no plans to split up group; warns against 'creeping takeover' [http://www.
forbes.
com/afxnewslimited/feeds/afx/2008/05/13/afx5003330.
html] Hans Bool
The company profile offered in this article, and the next where more details are shown, discusses some main characteristics of this company.
The hospitality sector is dedicated to offering hospitality to users; hotels are the main component in this business but not the only element.
In this profile you will find more about: - a current issue of the company and some investors that have certain ideas to change the company.
- the business units are shown and one unit is explained in detail - currently under attack of investors - some main characteristics about the management of the various brands - some sustainability issues this company is dealing with, but which is common in the sector, for example how to control the water usage.
- the corporate government structure To start with the last the corporate government structure is similar to the best-practice; the chairman is a non-executive director whose main responsibility is bridging the gap between shareholders and management.
"Accor chairman Serge Weinberg told shareholders the group has no plans to break up its activities and 'has the means' to develop both its hotel and services businesses in the medium term.
" (1) This current issue shows the main structure of the company and its business and how investors think about it.
Investors, hedge funds and other market parties are more and more involved in strategic decisions of companies.
In many cases indirectly.
Why should so many companies be split-up just to offer more shareholders value? What would be the synergy of the business services with the hotel business? "Analysts have seen the shareholder pact announced earlier this month by investment companies Eurazeo and Colony Capital as creating pressure for Accor to carry out value-creation moves, including potential further property sales and the sale of its services division.
" (1) Under their five-year pact, Eurazeo and Colony have taken a combined 17.
52 percent stake in Accor's capital and plan to raise this holding to 30 percent.
The investors said in their press release this month that they 'do not intend to take control' of Accor.
"Chief executive Gilles Pelisson said the 'real challenge' for the group was its valuation, arguing that it needs to explain to the market how to analyze its hybrid model of operating hotel and services activities.
" (1) The performance of Accor shares outperformed the CAC-40 both in the year to date and in the 2005 to 2008 period (1).
...
to be continued.
(1) - In: Accor says no plans to split up group; warns against 'creeping takeover' [http://www.
forbes.
com/afxnewslimited/feeds/afx/2008/05/13/afx5003330.
html] Hans Bool
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