French luxury conglomerate LVMH is growing its global media portfolio.
As 2025 ended, the company closed its acquisition of French publishing house Les Editions Croque Futur, purchasing 100 percent of its shares for an undisclosed sum. LVMH plans to enhance the digital distribution of the business’s core offerings, including business magazine Challenges, science news outlet Sciences & Avenir and research periodical La Recherche.
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As a part of the agreement, Maurice Szafran, a long-time advisor to Claude Perdriel, the founder of Les Editions Croque Futur, will step in to lead the company, taking on the title of president.
Alongside this, Mr. Szafran will serve as the publishing director of Challenges, Sciences & Avenir and La Recherche, taking responsibility for the long-term strategy and development of the company and its periodicals. The incoming operational head brings decades of experience, both as a journalist and executive, to the role.
LVMH states that its focus is on expanding the publications’ research to a larger audience. Image courtesy of Louis Vuitton
The French conglomerate has previously invested in Les Editions Croque Futur, injecting millions into the business. Its latest move folds the trio of publications into Bernard Arnault’s UFIPAR investment company.
The group also seeks to ensure the futures of Challenges, Sciences & Avenir and La Recherche by extending their content onto digital platforms, "making it accessible to a wider audience," according to a statement.
Acquisitions are ongoing elsewhere in the luxury space as well, with the previously shuttered high-end ecommerce platform Matches plotting a comeback under new leadership this year (see story).
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