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Louis Vuitton Seeking to Put Millions Worth of Investment in YG Entertainment

YG Entertainment and LVMH Moët Hennessy • Louis Vuitton S.A were recently revealed to be in the process of working up a large private equity investment fund.

Aug 15, 2014 10:38 AM BST
TAGㆍYG Entertainment
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Looks like YG Entertainment is set to solidify their rank as the most stylish entertainment agency in the biz! YG Entertainment and LVMH Moët Hennessy • Louis Vuitton S.A were recently revealed to be in the process of working up a large private equity investment fund.

When Korea Exchange asked YG Entertainment to comment regarding this investment, the agency shared, "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.

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We have not yet decided on anything.  We will release full disclosure once we've reached a concrete conclusion within a month."

Through its affiliated private equity fund, L Capital Asia, Louis Vuitton is hoping to invest 100 billion won in YG Entertainment. The investment will take up about 14% of YG Entertainment's market capitalization of 700 billion won.

The two companies have been negotiating specifics since June and have not reached an agreement yet. In the meantime, YG Entertainment's share prices rose at around 15% from 40,500 won to 46,600 won after this news was made public.

TagㆍYG Entertainment

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