Paris FC, Red Bull and Bernard Arnault
LVMH's expansion into sports continues as Bernard Arnault's family plans a 55% stake in Paris FC.
The sale of Paris FC to French billionaire Bernard Arnault will bring billionaire backing to a historically second division ...
Paris FC is in the process of being partially acquired by the Arnault family and Red Bull. The Arnault family is expected to acquire a 55-56% stake, while Red Bull will obtain approximately 15%.
Paris FC, the leader of the French Second Division, is on the verge of being jointly bought by Red Bull and the Arnault ...