LVMH in talks to buy Le Parisien
Luxury goods company LVMH, which owns Groupe Les Echos, said it is in talks to buy French newspaper Le Parisien,
LVMH said in a statement that it had entered exclusive negotiations with Amaury Group, which owns the daily Le Parisien and its sister paper Aujourd’hui en France.
The acquisition is subject to consideration by the Amaury works council and is conditional upon approval by the relevant competition authorities.
Francis Morel, chief executive of Groupe Les Echos,said: “This well-known and respected publication would make a material contribution to our group through its strong complementarity with our current titles.”