Luxury giant LVMH is in talks to buy French magazine Paris Match from media conglomerate Lagardere SA, which is majority controlled by Vincent Bollore’s Vivendi.
The owner of Louis Vuitton approached Lagardere with a bid and its board decided to pursue exclusive talks, the publisher said in its earnings statement on Tuesday. The company, whose businesses also include travel retail, was taken over by Vivendi last year.
A sale would expand the…