After years of annoying arguing between two old Savoyard families, the Compagnie du Mont Blanc (CMB) is going to take ownership of the Les Houches Ski Area at a cost of EUR 4 million on the 25th Oct 2011.

The current company, Les Houches – Saint Gervais (LHSG) found the only way forward was to partner with the CMB. As coming up with the 22 million Euros cost proved too much for the communal company.

The CMB will own 73% of the company whilst the remaining 27% is made up of funds rom the municipalities of Les Houches, Saint Gervais and the SEM Chamonix Development.