Talks about a possible sale of the ‘Challenges’ business magazine at LVMH are planned for September.
They are planned between the Arnault family, owner of the luxury group, and Claude Perdriel, majority shareholder of the magazine. This was announced by Pierre-Henri de Menthon, editor-in-chief of ‘Challenges’, the AFP news agency on Wednesday.
“Negotiations take place. (…) LVMH should take over ‘Science et Avenir/la research’. And in fact the takeover will also include ‘Challenges’. So LVMH will take on everything. In any case, the group will make an offer,” de menthon told the AFP and thus confirmed information from the online medium ‘La lattre’.
In 2020, LVMH took part in the capital of the Editions Croque Futur, which publishes these titles.
“In the event of a sale (…), this would take place at the end of the first half of 2026 at the latest,” says an internal message from Croque Futur.
The luxury group continues its push in the media landscape. Bernard Arnault, already a shareholder of the daily newspapers ‘Les Échos’ and ‘Le Parisien/Aujourd’hui en France’ as well as from ‘Radio Classique’, also took over the entire liberal daily ‘L’Pinion’ and the financial news website ‘L’Agefi’ this year.
The magazine ‘Challenges’ defines itself as a “independent and non-partisan economic and political magazine”.
According to the Alliance Pour Les Chiffres de la Presse et des Médias (ACPM), the 2024 magazine sold an average of more than 140,000 times per issue, compared to 183,000 in 2020.
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