US EditionLvmh Injects 150 Million Euros to Save Parisien/today in France
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LVMH confirmed on Friday the bailout of the newspaper Le Parisien/Aujourd-hui in France, of which it is the owner, to the tune of 150 million euros, indicated the management of the press group. This recapitalisation "fulfills the respect of our legal obligations" and "ensures therefore the stability of our business", declared the management of the group Les Echos-Le Parisien, of which the daily is part.The post LVMH bails Le Parisien/Aujourd-hui…
The luxury giant is bailing out its press title in the face of persistent financial difficulties, while the employees are worried about the future of the newspaper. The LVMH group has approved a recapitalisation of 150 million euros in favour of the newspaper Le Parisien/Aujourd-hui in France, of which it is the owner. This financial operation aims to fill the deficits [...] The LVMH article injects 150 million euros to save Le Parisien/Aujourd-…
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