Hearst Purchases Elle Magazine For $885.6 Million Dollars
Hearst Purchases Elle For $885.6 Million
>> Whether it's for the fame or fortune, Hearst has sealed the deal, purchasing Elle from Lagardère for $885.6 million for its international magazine business. Hearst now owns 102 titles and a master license agreement for the Elle trademark in 15 countries. Lagardère, however, will retain ownership of the Elle trademark to oversee brand consistency.
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- Source: Courtesy of Getty and AnOtherMag
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