US EditionLvmh Injects 150 Million Euros to Bail Out the Newspaper Le Parisien / Today in France
7 Articles
7 Articles
This bailout is expected to take place by the end of November, while the daily is facing severe financial losses and rumours of sale.
The luxury group, owned by Bernard Arnault, reaffirms its commitment to « Le Parisien / Today in France » by injecting funds to ensure its financial stability The French giant
Bernard Arnault's group announced Friday to put money back in the daily newspaper it has owned since 2015, after a resurgence of tension and uncertainty.
The French luxury giant LVMH approved on Friday the bailout of the French newspaper Le Parisien/Aujourd-hui, of which he is the owner, to the tune of 150 million euros.
French luxury group LVMH, parent company of Louis Vuitton and Christian Dior, among others, is investing up to €150 million in the loss-making newspaper Le Parisien. LVMH owns Le Parisien and also owns business newspaper Les Echos and the weekly Paris Match.
The French luxury giant LVMH, led by billionaire Bernard Arnault, validated on Friday the bailout of the Parisien/Today in France, of which he owns, to the tune of 150 million euros, giving a little bit...
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