The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PARIS, France — The world's No. 1 luxury goods company LVMH is in talks to buy respected French newspaper Le Parisien, a purchase that would complement its other media holding, the financial daily Les Echos.
A statement issued on Tuesday by LVMH said that it was in exclusive negotiations with the Amaury Group which owns the daily Le Parisien and its sister paper Aujourd'hui en France.
Amaury also owns ASO, which runs the Tour de France cycling race. It didn't say what it was offering.
Francis Morel, chief of Les Echos group, told the daily Le Figaro that his newspaper expected a profit in 2015 after years of struggling, but "I'm convinced that remaining isolated isn't an option."
Le Parisien/Aujourd'hui en France, founded in 1944, has a circulation of some 378,300.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
The State of Fashion 2024 breaks down the 10 themes that will define the industry in the year ahead.
Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.