Vivendi Launches "V Collection" [Yahoo! Finance]
VIVENDI SE UNSP/ADR (VIVHY)
NASDAQ:AMEX Investor Relations:
vivendi.com/en/investment-analysts
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Source: Yahoo! Finance
Vivendi (Paris:VIV) today announced the closing of the acquisition of the luxury division of Prisma Media that includes the French license of Harper's Bazaar, Côté Maison, IDEAT, MilK and The Good Life. The new subsidiary is named V Collection . Its management has been entrusted to Clément Pelletier , who has held various roles in the press and publishing sectors, notably at Emap and Mondadori, then at Editis where he was Business Development Director and member of its Executive Committee. He will lead the editorial and commercial teams with the ambition of making V Collection the benchmark for media and cultural luxury content in France and internationally, serving the stakeholders in this industry. This acquisition is part of Vivendi's strategy focused on value creation in content, brands and cultural ecosystems. Vivendi has successfully driven the transformation of its video games subsidiary Gameloft over the past years and brings, with V Collection, the same ambition to the
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