Bernard Arnault, CEO of the world’s leading luxury goods group LVMH (LVMH), which already belongs to the media group Les Echos-Le Parisien and Paris Match, has taken over the liberal daily L’Opinion and the financial news website L’Agefi. This confirmed on Thursday sources from the transaction area to the AFP news agency and thus a report by the Le Figaro newspaper.
The LVMH group: He was already a minority shareholder of Bey Médias, the attic of L’Pinion and L’Agefi, and has now acquired the entire shares. According to the sources, LVMH wants to “give the titles for their development”. The amount of the transaction was not announced. The shares of the other shareholders: Inside, including that of the Holding Thétys of the Bettencourt family, that of the American Ken Fisher and that of the Dow Jones Group, which belongs to the media Magnate Rupert Murdoch, were also ceded to LVMH.
Bey Médias will remain autonomous within the luxury goods group. The leadership structure of the titles remains unchanged: Nicolas Beytout, who was the main part of Bey Média, retains the chair. The editor -in -chief Rémi Godeau for L’Pinion and Alexandre Garabedian for L’Aing also remain in their positions. These announcements were made on Thursday in the Social and Economic Committee (CSE).
According to Le Figaro, the LVMH CEO had participated in the financing of the newspaper since the foundation of L’Opinion in 2013 by Nicolas Beytout in order to represent a firmly liberal and pro-European line. L’Pinion writes chronically red numbers, unlike L’Agefi, a heavyweight of financial reporting in France. The titles employ a total of around 150 people: inside, including 90 journalists: inside. All jobs are preserved.
Nicolas Beytout, who was previously CEO of the Les Echos Group, told AFP: “For a founder, it is important to know that the company will continue to exist.” In 2024, Beytout had entered exclusive negotiations to open the group’s capital for Czech billionaire Daniel Kretinsky and his media subsidiary CMI France. However, these conversations had failed. In 2023, negotiations on refinancing with Cretan skies competitor Rodolphe Saadé (CMA CGM) were also conducted, which were also unsuccessful.
At the end of 2024 LVMH, already owner of the media group Les Echos-Le Parisien, Paris Match from the Lagardère Group, which in turn is in the sphere of influence of another billionaire, Vincent Bolloré.
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