Press LVMH recapitalizes handsomely the Parisian / Today in France

Ufipar, the luxury group company LVMH which owns 100% of the capital of the newspaper Parisian / Today in France, recapitalized the end of November 2018 the newspaper, to the value of 81.67 million euros, according to Pierre Louette, CEO of Les Echos-Le Parisien. Of this tidy sum, 48.12 million euros are intended to clear the losses of the newspaper until 31 December 2017, the financing of three plans of departure, said Pierre Louette. And 33.55 million euros will be used to prepare the losses of 2018 and 2019. The Parisian / Today has also planned to massively invest in digital and is testing a new software. The newspaper has 15,000 digital subscribers, against more than 100,000 in the Figaro or the World. Pierre Louette wants to develop “auxiliary engines of activities which they are profitable”, to rectify the accounts of the newspaper by 2019 or 2020. IT. C.

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