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Article: GROUPE ARNAULT, TH LEE INK DEAL.
- Article from:
- WWD
- Article date:
- March 2, 2001
CopyrightCOPYRIGHT 2001 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARIS -- Groupe Arnault, LVMH Moet Hennessy Louis Vuitton chairman Bernard Arnault's private holding company, said Thursday it would form a joint venture with Boston-based equity firm TH Lee, Putnam Capital to create an investment vehicle in Europe.
To be called TH Lee Groupe Arnault Partners, it will invest in sectors including financial, business and information services, telecommunications and consumer products. A spokesman for Arnault, who controls fashion houses from Christian Dior to Louis Vuitton through LVMH, said the new venture will not concentrate on fashion-related investments. The new leveraged buyout firm will run offices in London and Paris, and ...