Anonymous ID: 7253a7 July 29, 2021, 2:11 p.m. No.14224372   🗄️.is 🔗kun

>>14224083

Bernard and LVMH history with Guinness

 

https://apnews.com/article/d8251a288f1a1492c0d61a48d2ac0c8f

 

Guinness, Agache Acquire Stake In Moet-Hennessy

 

July 8, 1988

 

LONDON (AP) _ Guinness PLC said Friday it will join forces with a French luxury goods marketer to create a new company to hold a substantial stake in LVMH Moet- Hennessy Louis Vuitton, maker of champagne and upscale luggage.

 

Separately, LVMH will acquire 10 percent of Guinness, a leading British brewer that also makes Johnnie Walker Scotch Whisky and Gordon’s gin. Both transactions are subject to the approval of Guinness shareholders.

 

Guinness said it will invest a minimum 237 million British pounds, or about $408 million, for a 40 percent stake in a joint venture company to be formed along with Financiere Agache Group of France. The new company will control their joint LVMH holdings.

 

Agache, a holding company that controls the Christian Dior, Christian Lacroix and Celine fashion houses, would retain 60 percent of the joint venture company.

 

In a statement issued from its Paris headquarters, LVMH acknowledged that Guinness and Agache have amassed a 24 percent stake in the company on a fully diluted basis.

 

Guinness said the agreement with LVMH represents a ″natural progression″ of their existing relationship. Last year the two companies agreed to set up a series of joint ventures to distribute their products in the United States, Japan and the Far East.

 

*Bernard Arnault was also on the board of advisors for the 1MDB fund from 2010 to 2013

 

https://web.archive.org/web/20130924062148/http://www.1mdb.com.my/about-us-3/board-advisors