LVMH acquires Les Editions Croque Futur

The France-based luxury conglomerate has announced its acquisition of the French publishing house Les Éditions Croque Futur, owner of the publications Challenges, Sciences & Avenir and La Recherche
Through its investment vehicle UFIPAR, LVMH has acquired 100% of the shares in the publishing house Les Editions Croque Futur. This follows UFIPAR’s previous investment in the publishing house alongside its founder, Claude Perdriel.
Perdriel was the majority shareholder until now and agreed to the sale for one symbolic euro following his decision to retire from the press industry at the age of 99 after sixty years. Meanwhile, Maurice Szafran, who has advised him for many years, has been appointed President of Les Editions Croque Futur and will serve as publishing director for all three titles.
According to the group’s statement, this move “will enable Les Editions Croque Futur to accelerate the development and distribution of the three publications (Challenges, Sciences & Avenir and La Recherche), particularly in digital format, thereby helping to secure their long-term future”.
At the same time, it aims to demonstrate LVMH’s dedication to encouraging the dissemination of high-quality information and scientific knowledge to a broader audience. The conglomerate already owns the Les Échos - Le Parisien group and has recently expanded its media portfolio by fully acquiring L’Opinion and the financial news website L’Agefi.
However, in a joint statement cited by Fashion United, journalists from the three magazines, along with union representatives and the social and economic committee (CSE), described the sale as a “leap into the void”, citing growing mistrust towards LVMH.
The editorial teams of the three titles said that they had asked Bernard Arnault unsuccessfully to sign their existing charters of independence, and that they are now seeking assurances regarding editorial independence, employment, and the prospects of the publications.
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