French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has acquired 100% ownership of Bey Médias, the media company that publishes the daily newspaper L’Opinion and the financial news website L’Agefi. With this acquisition, LVMH has become the sole owner of the company, further strengthening its influence within the French media landscape. The financial terms of the deal have not been disclosed.
As part of the transaction, LVMH acquired all outstanding shares, including the remaining 38% held by founder and chairman Nicolas Beytout. Other shareholders who sold their stakes include the Bettencourt family’s investment vehicle Théthys, prominent American investor Ken Fisher, and Rupert Murdoch, through his ownership of Dow Jones.
LVMH has been involved in L’Opinion since its founding in 2013 and had become the largest shareholder in recent years, holding a 25% stake in Bey Médias prior to this acquisition. With the deal, the group now holds full control of the company. The media assets are expected to be integrated into Ufipar, LVMH’s investment subsidiary. However, they will remain structurally independent and operate separately from LVMH’s other media holdings, such as Les Échos and Le Parisien.
The editorial leadership of Bey Médias will remain unchanged. Nicolas Beytout will continue to serve as chairman of the company, while Rémi Godeau will stay on as editor-in-chief of L’Opinion, and Alexandre Garabedian will retain his role as editorial director of L’Agefi. The editorial offices will remain at their current location in Paris’s 16th arrondissement, and both publications will maintain their editorial independence and operational continuity.
While L’Opinion has faced financial difficulties in recent years, L’Agefi has earned a strong reputation as a reliable and profitable source of economic and financial news. Bey Médias employs approximately 150 staff, and employee positions are expected to be retained under the new ownership.
This full acquisition follows the breakdown of negotiations earlier in 2025 between Nicolas Beytout and Czech businessman Daniel Kretinsky, who had expressed interest in acquiring Bey Médias through his media group CMI France, which owns several French titles, including Elle and Marianne.
In October 2024, LVMH also acquired the iconic weekly magazine Paris Match from the Lagardère Group, marking a significant expansion of its presence in the French media industry. The latest acquisition is part of a broader strategic move by LVMH to build a comprehensive media portfolio, reinforcing its cultural presence alongside its core luxury business.
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