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Aman Flails Inside The Outside Door

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Posted: 06 Aug 2014 | 4:45 pm

The continuing saga of the battle over iconic luxury hotel chain Amanresorts looks set to continue.

In the latest twist a new interim CEO Olivier Jolivet has been named according to a news article in HOTELS Magazine.

Jolivet is a close ally of Adrian Zecha and has held an executive role in finance with Aman for some time. Prior to Aman he was with global chain Club Med.

The appointment was supported by Zecha and shareholder Omar Amanat.

Key shareholder Vladislav Doronin has seen his attempt to control the company thwarted by another injunction issued by a London court.

Clearly things are still messy at Aman and speaking to industry players there is a mixed reaction to events.

While Aman's commercial trading has long been muted to say the least, the new management of the group had been focusing on a more commercially minded revenue strategy that is in line with most hotel operators.

For the moment though, property strategy looks to have gone to the sideline and the battle remains for control of one of the most coveted brands in the industry.

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