LVMH: sale of Paris Match finalized
(CercleFinance.com) - Lagardère and LVMH announce the completion of the sale of Paris Match to the luxury group, a transaction carried out under the previously announced conditions, 'opening a new page in the history' of the weekly founded in March 1949.
By joining the ranks of the prestigious houses of the LVMH group, Paris Match will benefit from a solid platform to innovate and pursue its development and diversification, in both print and digital," they explain.
The new company will be chaired by Jean-Jacques Guiony, CFO of the LVMH group. Pierre-Emmanuel Ferrand will become Managing Director of Paris Match, while Jérôme Béglé will remain as Editorial Director.
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By joining the ranks of the prestigious houses of the LVMH group, Paris Match will benefit from a solid platform to innovate and pursue its development and diversification, in both print and digital," they explain.
The new company will be chaired by Jean-Jacques Guiony, CFO of the LVMH group. Pierre-Emmanuel Ferrand will become Managing Director of Paris Match, while Jérôme Béglé will remain as Editorial Director.
Copyright (c) 2024 CercleFinance.com. All rights reserved.