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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  LVMH Moët Hennessy Vuitton SE    MC   FR0000121014

LVMH MOËT HENNESSY VUITTON SE

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LVMH : Buys 9.5% Stake in French Book Publisher Gallimard

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10/30/2013 | 05:11am EDT

By Inti Landauro

PARIS--French luxury giant LVMH Moet Hennessy Louis Vuitton (MC.FR) has bought a 9.5% stake in debt-ridden Madrigall, the holding company controlling prestigious family-owned French publisher Gallimard, an LVMH spokesman said Wednesday.

The luxury group paid between 25 million euros ($34 million) and EUR30 million for the stake, Les Echos newspaper reported Wednesday. The newspaper is owned by LVMH.

The Gallimard family will maintain control of the publishing group, which holds the rights for famous French authors such as Albert Camus and 2008 Nobel Prize winner J.M.G. Le Clezio. LVMH agreed to keep its stake below 15%, the newspaper said. Antoine Arnault, the son of LVMH's chief executive, will become a board member at Madrigall.

No officials at Gallimard were available for comment.

The holding company is struggling with a EUR200 million debt linked to the acquisition of Gallimard's rival Parisian publisher Flammarion in 2012, the newspaper said.

Write to Inti Landauro at inti.landauro@wsj.com

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Financials (€)
Sales 2019 50 872 M
EBIT 2019 10 899 M
Net income 2019 7 029 M
Debt 2019 4 083 M
Yield 2019 2,09%
P/E ratio 2019 22,81
P/E ratio 2020 21,06
EV / Sales 2019 3,26x
EV / Sales 2020 2,96x
Capitalization 162 B
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Technical analysis trends LVMH MOËT HENNESSY VUITTON
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 327 €
Spread / Average Target 2,1%
EPS Revisions
Managers
NameTitle
Bernard Arnault Chairman & Chief Executive Officer
Antonio Federico Belloni Group Managing Director & Director
Jean-Jacques Guiony Chief Financial Officer
Delphine Arnault-Gancia Director
Antoine Arnault Director
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