France's richest man Bernard Arnault ratcheted up a tug-of-war over Paris Match publisher Lagardere on Thursday, revealing he had built up a direct stake in the firm, which is under siege from several other investors.
PARIS - France’s richest man Bernard Arnault ratcheted up a tug-of-war over Paris Match publisher Lagardere on Thursday, revealing he had built up a direct stake in the firm, which is under siege from several other investors.
New investors came on board as a result, including Vincent Bollore, another French billionaire who controls media firm Vivendi. Arnault has also invested in the vehicle through which Lagardere’s Chief Executive, Arnaud Lagardere, controls the firm and said the two, with a 12.8% holding between them, would act in concert.
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