Skift Take
Saudi's main investment fund is a wolf in cashmere that knows the value of luxury assets. This deal underscores the enduring resilience and allure of European luxury travel.
Saudi Arabia's Public Investment Fund has acquired a significant minority stake in Rocco Forte Hotels, the luxury hotel operator said Monday.
Saudi Arabia bought the full equity stake of the Italian entity CDPE Investimenti. The Forte family retains its majority ownership.
The proposed deal would value