France Link

France's richest man in talks to buy Paris newspaper

Bernard Arnault, boss of LVMH which owns brands such as Louis Vuitton, Fendi and Givenchy, hopes to acquire Le Parisien for €50m.

La rédaction de Mediapart

This article is freely available.

Luxury goods group LVMH is said to be negotiating to acquire the French daily newspaper Le Parisien for €50m (£35m), reports The Guardian.

The Paris-based group, which owns brands such as Louis Vuitton, Fendi and Givenchy, also has media assets that include the business daily paper Les Echos.

Le Parisien, currently owned by the Amaury group, was founded in 1944 as the voice of the France’s underground resistance against Nazi occupation. It covers the French capital and suburbs.

Read more of this report from The Guardian.