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Disney Co bails out Disneyland Paris


Disneyland Paris has been forced to secure a refinancing deal with the Walt Disney Company as debts continue to mount.

Burbank, California-based Walt Disney Co is the majority shareholder in Euro Disney, with a 39.8 per cent stake.

Philippe Gas, chief executive of Euro Disney, said in a statement: “This refinancing will enable us to reduce our financing costs and give us greater investment and operational flexibility.

“This is a key step in the development of our resort that we pursue for the benefit for all of our stakeholders. I strongly believe this will be highly beneficial to the company, its cast members and shareholders.”

Disneyland Paris has debts totally €1.7 billion. The new financing will be composed of term loans totalling €1.2 billion and a €100 million standby revolving credit facility which will run until 2017.

Gas added: “The Walt Disney Company, with this transaction, reaffirms its continued confidence in Disneyland Paris which has successfully become, over the past 20 years, the number one tourist destination in Europe.”

Disneyland Paris will repay €217 million of debt principal over the next five years, according to a more gradual repayment schedule that will provide for €225 million of additional cash flow.

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Spa at Four Seasons Paris launches a French exclusive


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The Spa at Four Seasons Hotel George V Paris is constantly seeking the best in beauty care and has now added the Swiss Perfection label to its beauty treatments range.  As the haute couture of beauty care, Swiss Perfection has been developed by the Mattli family, notably famous for creating La Prairie. Swiss Perfection is the result of many years of cellular technology and anti-ageing research. It is rich in enzymes and proteins that accelerate the regeneration of skin cells, increasing the oxygenation of the pores and hydrating the skin to perfection.

The very peak of innovation in its domain, Swiss Perfection is the first label to offer products containing vegetable cells, more precisely from iris cells, the ultimate beauty secret. This discovery reduces the degradation of the DNA of skin cells and efficiently works against the skin ageing.

Philippe Simonin is the inventor of the ATS-1 machine that is used to accentuate the positive effects of these care products. It was created to personalize care treatment in accordance with the individual needs of each client. Thus, the care can be more targeted: for example on the neck, cleavage, hands, arms or around the eyes.

“I am very happy that our work with Swiss Perfection perfectly fulfils our desire to continue to innovate and seek the most effective products on the market. Along with Carita and Sodashi, we now have a complete range on offer that responds to all of our clients’ needs,” says Verena Lasvigne-Fox, senior spa manager at Four Seasons Hotel George V.

The Swiss Perfection beauty treatment can be experienced in the luxurious and gentle ambiance of the Spa’s treatment rooms, which are decorated in the spirit of Marie Antionette’s boudoir. A pure moment of pleasure for oneself or as a gift, available from the Spa.

 
 

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