LVMH boss Arnault's company to buy stake in Lagardere holding firm

📆 2020-05-25 5:25 AM
📰 Reuters

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Bernard Arnault, the billionaire behind luxury fashion group LVMH , has agreed to buy a stake in the holding company of fellow French billionaire Arnaud Lagardere, according to the holding companies of the two men.

FILE PHOTO:LVMH luxury group Chief Executive Bernard Arnault announces their 2019 results in Paris, France, January 28, 2020. REUTERS/Christian Hartmann

PARIS - Groupe Arnault and Lagardere Capital & Management said in a joint statement that Groupe Arnault would buy a stake equivalent to around one-quarter of the share capital of LCM. Earlier this month, Lagardere fended off activist fund Amber Capital’s attempt to replace the Lagardere supervisory board.

Write Comment

TrumpGate

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese Developers Drag Asia’s Junk-Bond Market Out of the DoldrumsAsia’s junk-bond market is slowly coming back to life, with Chinese property developers at the forefront of the recovery. We are going to have an interesting week in stock markets If they have money, why not. 房价全世界最高!真骄傲!
Source: WSJ - 🏆 98. / 63 Read more »