LVMH Luxury Group in Talks to Buy Leading French Newspaper

May 26, 2015 6:48 PM

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The world's No. 1 luxury goods company LVMH is in talks to buy respected French newspaper Le Parisien, a purchase that would complement its other media holding, the financial daily Les Echos.

A statement issued on Tuesday by LVMH said that it was in exclusive negotiations with the Amaury Group which owns the daily Le Parisien and its sister paper Aujourd'hui en France. Amaury also owns ASO, which runs the Tour de France cycling race. It didn't say what it was offering.

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