Louis Vuitton Seeking $100 Million Investment in YG Entertainment

Korean record label and talent agency YG Entertainment is reportedly in negotiations with LVMH Moët

Entertainment
7,342 Hypes 0 Comments

Korean record label and talent agency YG Entertainment is reportedly in negotiations with LVMH Moët Hennessy over a large private equity fund investment worth 100 billion won (approximately $100 million USD). The two sides have been in negotiations since June but have not been able to reach an agreement yet. However, this speculation has already resulted in a 15% increase in YG Entertainment’s share price from 40,550 KRW (approximately $39 USD) to 46,600 KRW (approximately $45 USD). When YG Entertainment was asked by the Korea Exchange for a public announcement regarding this investment, the agency replied, “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.” Stay tuned for more information on this deal.

Read Full Article

What to Read Next

YG Entertainment Teases BLACKPINK's Lisa Solo Debut
Music

YG Entertainment Teases BLACKPINK's Lisa Solo Debut

Following months of rumors.

YG Entertainment Releases BLACKPINK Collectible Figures
Design

YG Entertainment Releases BLACKPINK Collectible Figures

Based on fan art.

YG Entertainment Reveals Tracklist for BLACKPINK Lisa's Solo Debut, 'LALISA'
Music

YG Entertainment Reveals Tracklist for BLACKPINK Lisa's Solo Debut, 'LALISA'

Announcing two title tracks.


Louis Vuitton's Monogram-Clad Pizza Box Is Not Actually for Pizza
Design

Louis Vuitton's Monogram-Clad Pizza Box Is Not Actually for Pizza

It’s meant to hold a stack of vinyl records.

J. Cole - Be Free
Music 

J. Cole - Be Free

In wake of the tragic events that have taken place over this course of the week, J. Cole has

Savioke SaviOne Robot
Tech

Savioke SaviOne Robot

Silicon Valley-based robotics company Savioke have unveiled their SaviOne service robot designed

#hypebeastkids: Sons + Daughters Eyewear
Fashion

#hypebeastkids: Sons + Daughters Eyewear

This second entry of #hypebeastkids features Canadian-rooted Sons + Daughters Eyewear.

Streetmachine x adidas Skateboarding A League Adi-Ease
Fashion

Streetmachine x adidas Skateboarding A League Adi-Ease

Copenhagen-based skateboard retailer Streetmachine and German sportswear giant adidas have teamed

NIGO Talks About Pieces for His Upcoming Sotheby's “NIGO® Only Lives Twice”  Auction

NIGO Talks About Pieces for His Upcoming Sotheby's “NIGO® Only Lives Twice” Auction

NIGO presents the first of many rare items in his extensive collection soon to be offered on the


Flosstradamus featuring Elkka - Rebound (Lyric Video)
Music 

Flosstradamus featuring Elkka - Rebound (Lyric Video)

One week after presenting their latest single, “Rebound” featuring singer Elkka, Flosstradamus

Reebok Pump Blacktop Battleground "Chicago"
Footwear Fashion

Reebok Pump Blacktop Battleground "Chicago"

Reebok continues to release fresh iterations of its Pump Blacktop Battleground silhouette as the

King Stampede 2014 Lookbook
Fashion

King Stampede 2014 Lookbook

Street and skate imprint King Stampede presents its latest offerings in the 2014 lookbook. Set in

A Closer Look at the adidas Originals ZX Flux “London”
Footwear Fashion

A Closer Look at the adidas Originals ZX Flux “London”

After taking an initial look upon the shoe’s launch this week, here we take a closer gander at the

Fibers: Visualizing Training Data from the Nike FuelBand
Sports

Fibers: Visualizing Training Data from the Nike FuelBand

To celebrate the We Own The Night – Nike Women’s 10K run held back in May, London-based design

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.