French luxury giant LVMH announced on Tuesday its 100% acquisition of French publishing house Les Editions Croque Futur, integrating three publications, Challenges, Sciences & Avenir, and La Recherche, into the UFIPAR investment company.
LVMH CEO Bernard Arnault – Shutterstock
The acquisition, “reflects LVMH’s commitment to promoting high-quality information and scientific culture, as well as making it accessible to a wider audience,” the business announced in a press release on December 30. LVMH has acquired 100% of the business’ shares with its holding company UFIPAR and the move builds on UFIPAR’s previous investment in Les Editions Croque Futur alongside its founder, publishing mogul Claude Perdriel.
Following the acquisition, Les Editions Croque Futur will accelerate the development and distribution of its three publications, with a focus on digital formats. This is designed to help the business secure a long-term future in the ever evolving industry.
Claude Perdriel’s long-time advisor Maurice Szafran has been named as president of Les Editions Croque Futur as part of the LVMH transaction. Szafran will take on the role of publishing director for all three titles and will harness his expertise in the media industry to promote long-term growth in the business.
