The Kering chairman is exploring the acquisition with CAA co-chairman Bryan Lourd at Allen & Company’s annual media finance gathering in Sun Valley, Idaho.
and Natalie Portman, as well as other A-list clients across multiple fields including comedy and literature. Sources say that adding CAA to Pinault’s holdings could potentially unlock untapped value from its portfolio of brands, which also includes Balenciaga, Alexander McQueen and Yves Saint Laurent and Groupe Artémis brands like Puma, auction house Christie’s and the Stade Rennais F.C. Ligue 1 soccer team.
Like its rivals at French holding company LVMH, Kering SA “has investments in many high-end businesses and CAA is a high-end luxury biz in many ways,” one source familiar with the ongoing discussions tellsCAA is currently owned by asset manager TPG, which first acquired a 35% stake in the agency in 2010 and increased its share to 53% in 2014 at a valuation of $1.1 billion. In 2021, CAA completed its acquisition of smaller rival ICM.
News of a possible deal comes one day after members of the Screen Actors Guild voted to go on strike, ushering in a new era of uncertainty for Hollywood as it tries to adjust to the new business realities of streaming media.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
French Luxury Fashion Billionaire François-Henri Pinault Eyeing Majority Stake In CAA – ReportFrench billionaire Francois-Henri Pinault is in final talks to buy a majority stake in CAA in a $7 billion deal, according to an unconfirmed Bloomberg News report. Pinault, who is married to Mexica…
Leer más »
CAA in Advanced Talks to Sell Majority Stake to French Billionaire Francois-Henri Pinault (Report)Hollywood talent agency CAA is in advanced talks to sell a majority stake to Francois-Henri Pinault, the French billionaire behind luxury and fashion empire Kering, according to a report in Bloombe…
Leer más »
Warren Buffett’s wife grumbles about $4 coffee at Sun ValleyWarren Buffett’s wife was overheard at Allen & Co’s annual “summer camp for billionaires” complaining to a resort staffer about having to pay $4 for a cup of coffee.
Leer más »
Sun Valley's 'summer camp for billionaires': CEOs talk dealsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Leer más »
Oro Valley Police Department Teen Academy teaches kids about law enforcement's jobsThe Teen Academy teaches kids about the different aspects of the department such as 911 operators, the SWAT team, and the bomb squad.
Leer más »
Bobcat seen drinking from a fountain in the backyard of an Oro Valley homeA KGUN9 viewer sent in video of a bobcat drinking from a fountain in the backyard of their Oro Valley home. Mark Hart with AZGFD shared how to react when faced with similar situations.
Leer más »