Fashion tycoon Bernard Arnault accused of stranglehold over French business press

The Guardian17 Jun 2026Macro
Automatically composed with AI from the cited sources

According to unions and Reporters Without Borders, LVMH’s purchase of the weekly Challenges gives Bernard Arnault ownership of the country’s main business dailies and information services, including Les Echos and L’Agefi. The council of state and the competition watchdog are separately examining whether authorities failed to scrutinise the media concentration and whether the group abused a dominant position, while Arnault has previously told a senate committee his acquisitions were in the “general interest”.