Lvmh towards publishing, one step away from “Paris Match”: 120 million deal
Lvmh (Moët Hennessy – Louis Vuitton), the French luxury giant, led by billionaire Bernard Arnault, with prestigious brands like Dior, Fendi, Louis Vuitton, Sephora, Bulgari and many others, it now seems to a step from the acquisition of the historic French weekly “Paris Match“. According to sources close to the dossier, a resolution was reached preliminary agreement between the parties for a value of approximately 120 million euros.
“During today’s meeting (Wednesday 22 May, ed.), the Board of Lagardère administration SA noted the satisfactory progress of the exclusive negotiations initiated with the LVMH Group on 27 February 2024, following theoffer received for Paris Match magazineand authorized the signature of a preliminary memorandum of understanding and the continuation of exclusive negotiations,” the statement reads.
“This non-binding memorandum of understanding provides for the sale of Paris Match magazinesubject to the finalization of negotiations, on the basis of a enterprise value of €120,000,000″continues Lagardere regarding the operation.
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