how Bernard Arnault managed to take over “Paris Match” | EUROtoday

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IHe wished it badly, he bought it. Bernard Arnault will lastly seize Paris Match, the weekly journal of the Lagardère-Vivendi group. The LVMH group, which he heads, has entered into unique negotiations with Lagardère, introduced Arnaud Lagardère whereas presenting the corporate's monetary outcomes for 2023. According to our info, the supply can be round 100 million euros for the weekly which achieved a turnover of 52 million euros final 12 months.

Still based on our info, the discussions came about at a really excessive stage for a number of weeks, which prevented leaks to the press. The Arnault and Bolloré households even took benefit of their final summer season trip in Saint-Tropez to speak informally about the way forward for Match. Bernard Arnault and his son Antoine have elevated their discussions with Vincent Bolloré and his two sons, Yannick and Cyrille. Arnaud Lagardère was additionally a part of the restricted circle of insiders.

Since his entry into the capital of the Lagardère group in 2020, of which he now holds 7.7% of the capital, Bernard Arnault, who helped Arnaud Lagardère to resolve his debt issues, has by no means hidden his curiosity within the journal . For the CEO of the luxurious group LVMH, Paris Match is “a piece of France”, a “flagship” and a premium model. The entrepreneur was born the month the primary challenge of the weekly got here out: in March 1949. An indication of future in his eyes.

Vivendi- synergiesMatch

However, with the rise of Vivendi in Lagardère's capital after which its takeover, the prospect that Match falling into the arms of LVMH gave the impression to be transferring away. Some administrators of the Lagardère group, notably the previous President of the Republic Nicolas Sarkozy, didn’t view favorably the exit of the journal from the Lagardère group, which additionally owns The Sunday Journal and radios Europe 1, Europe 2 and RFM.

Especially for the reason that synergies with the Vivendi galaxy (Canal+, CNews, C8, and so on.) have continued to develop in latest months. Some examples: journalists from Paris Match take part within the Europe 1 political show on Fridays within the early night. Jérôme Béglé, common director of Paris Match, is a columnist on the CNews channel. Laurence Ferrari heads the political division of the weekly whereas having his personal show Punchline on Europe 1 and CNews. CNews political journalist, Florian Tardif additionally writes for the weekly.

A piece of “perseverance”

Despite Vivendi's affect over Match, Bernard Arnault maintained his curiosity in “the French family album”. Discreetly. Antoine Arnault, passionate concerning the media and dealing for the household, and Yannick Bolloré mentioned. Alexandre Arnault participated in just a few conferences. “It’s a long-term job,” feedback a supply near the negotiations. “There is perseverance and patience on the part of Bernard Arnault,” feedback one other good observer.

An vital element: it’s certainly LVMH and never the Les Échos-Le Parisien group which is negotiating the takeover of Paris Match. There is subsequently no query but of uniting the journal with the 2 nationwide dailies. Buoyed by its quite a few movie star covers in an anxiety-provoking local weather with the wars in Ukraine and Israel, Paris Match has been higher for just a few months.

Its gross sales per challenge elevated by 9.3% in October, 9.4% in November, 6.1% in December and even 12.6% in January, notably because of the 2 points on Alain Delon which exceeded 100,000 exemplary. The acquisition of the journal must be finalized by the summer season, after session with employees consultant our bodies.