LVMH-owned media group, Les Echos-Le Parisien, has recently made an undisclosed acquisition of the well-known publishing house, Citadelles & Mazenod. This strategic move serves to bolster LVMH’s art division within its media holdings. Citadelles & Mazenod will now be joining Les Echos-Le Parisien, the media subsidiary of LVMH, alongside other influential publications such as Connaissance des Arts magazine, Les Echos, Le Parisien, Investir, Boursier.com, and Radio Classique. This acquisition serves to solidify LVMH’s presence in the media, literary, and artistic landscape.
According to Pierre Louette, CEO of Les Echos-Le Parisien, this acquisition perfectly aligns with their core strategy of consolidating their strengths and fulfilling their mission of providing the best cultural and artistic content to a broad audience. Citadelles & Mazenod offers a diverse range of collections, both available online and in bookstores, including Les Fresques, Art and Nature, Art and Cities, and Illustrated Literature.
Having been established in 1936, Citadelles & Mazenod boasts an impressive annual consolidated revenue of approximately seven million euros. Thus, LVMH’s acquisition of this publishing house further demonstrates their commitment to expanding their presence in the publishing industry and extending their involvement in the cultural and artistic realms.
Useful links:
– Citadelles & Mazenod Official Website (when applicable)
– Les Echos Official Website (when applicable)
