The world’s leading luxury goods company is set to further strengthen its media empire by acquiring full ownership of the Croque Futur group, which owns the weekly business magazine Challenges and the popular science magazines Sciences et Avenir and La Recherche. An agreement to this effect was announced by businessman Claude Perdriel, who has held a majority stake (60%) since 2020, with LVMH holding the remaining 40%.
Another newspaper in the portfolio of LVMH and its CEO, Bernard Arnault…
At the age of 99, businessman and media mogul Claude Perdriel announced on Tuesday, September 23, to Agence France-Presse (AFP) that he had reached an agreement with LVMH to sell it the weekly business magazine Challenges, in which he was the majority shareholder (with 60% of the capital).
“It is with a touch of sadness that I am leaving the press after sixty years in this world,” he said.
Information confirmed
The news, which the luxury goods leader declined to comment on, came as no surprise to industry observers. The news of the start of negotiations between the Arnault family, owners of LVMH, and Claude Perdriel had already been the subject of a scoop a few weeks ago in the online investigative media outlet La Lettre, before being confirmed in early September to AFP by Pierre-Henri de Menthon, editor-in-chief of the business magazine.
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Featured photo: © LVMH
