Women’s Wear Daily
04.24.2014
fashion-memopad
fashion-memopad

Bergé's New World... Brown Departs...

Pierre Bergé has received the green light for his bid to save French daily Le Monde.

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NEW WORLD: Pierre Bergé has received the green light for his bid to save French daily Le Monde. The internal shareholders of Le Monde SA, which owns Le Monde, weekly Télérama and other publications, on Monday voted in favor of the bid put forward by Yves Saint Laurent’s former business partner, together with Matthieu Pigasse, the local head of investment bank Lazard, and Xavier Niel, founder of French Internet service provider Free. The trio won over a rival consortium made up of France Telecom; Claude Perdriel, whose media holdings include the weekly Le Nouvel Observateur, and Spanish media group Prisa, which owns a 15 percent stake in the company. “We will start negotiations tomorrow and have until the end of September regarding the expected capital increase and for our offer to be definitely accepted by Le Monde’s general assembly,” said Bergé, reached Monday evening. When asked what the first order of the day will be for the paper, Bergé said: “I can’t answer. I don’t know.” — Joelle Diderich

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