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Designer Brand Louis Vuitton is Seeking to Invest $100 Million in YG Entertainment

It seems that YG Entertainment will increase their profit as designer brand Louis Vuitton plans to invest in the company

Aug 14, 2014 01:58 PM BST
TAGㆍYG Entertainment
LVMH/YG
(Photo : collage)

YG Entertainment and Louis Vuitton and Louis Vuitton Moet Hennessy (LVMH) has been revealed to be in  talks of a large private equity fund investment.

When YG Entertainment was asked for a public announcement regarding this investment, the agency responded, “We received offers for investment and business collaboration from a third party, so we are in the midst of reviewing the attraction of investment including capital increase by issuing new stocks and allotment to the third party. We have not yet decided on anything. We will release full disclosure once we’ve reached a concrete conclusion within a month.”

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With its affiliated private equity fund, L Capital Asia, Louis Vuitton is planning to invest 100 billion KRW or approximately $100 million in YG Entertainment. This investment will be about 14% of the agency’s market capitalization of 700 billion KRW or approximately $700 million USD.

The two companies are still negotiations since June and still have not reached an agreement. Moreover, YG Entertainment’s share prices have risen around 15% from 40,550 KRW or $39/share to 46,600 KRW $45/share after the news of this investment has been revealed.

TagㆍYG Entertainment

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