LVMH completed the acquisition of Paris Match from Lagardère.

LVMH, a conglomerate specializing in luxury goods, completed the acquisition of Paris Match, a French news magazine, from Lagardère, an international group with operations in over 40 countries. Financial terms were not disclosed. “For such a long time, Paris Match has held a very important place in the history of the Lagardère group and we have been motivated every week by the desire and ambition to bring the best to its loyal readers. Today, the magazine and its editorial team begin a new chapter. I am delighted that the story will now evolve within the LVMH Group, which, I am certain, will continue to nurture this great magazine, of which I will remain a passionate reader," Arnaud Lagardère, Lagardère Chairman and Chief Executive Officer.