ENDING A DEAL: The Rezidor Hotel Group and Italian fashion house Missoni said Wednesday they have mutually agreed to terminate the worldwide licensing agreement for the development of hotels under the Missoni brand. The existing hotels in Edinburgh and in Kuwait will cease to operate under the fashion house’s moniker at the latest on June 30. “The Hotel Missoni adventure in partnership with Rezidor Group has been a positive and important experience for us. After years of collaboration, today our paths are splitting with Missoni having developed new strategic visions in the field of interior design and hospitality,” said Alberto Piantoni, chief executive officer of Missoni.
Wolfgang M. Neumann, president & chief executive officer of Rezidor, said the decision was “in line” with the group’s “long-term strategy” and focus on its core brands Radisson Blu and Park Inn by Radisson. “It is equally aligned with the redefinition of Carlson Rezidor’s global brand portfolio. We would like to thank Missoni for their trust in our group and the close cooperation over the past years.”