Eric Besson defends 4G mobile licenses

5th September

While the price war is raging in the mobile, the controversy swells at the end of unlimited Internet packages, the operators challenge the tender on licensing 4G, Eric Besson, Minister of Industry, responds to Figaro on all issues and criticizing the socialist project on digital.

LE FIGARO. – The bidding on licenses 4G is attacked. Will you give up?

Eric Besson. – The State Council will vote Wednesday. Expect. But thanks to this call for nominations, France will be part of the forefront of the mobile broadband Internet. The government is selling rare frequency of the highest quality, which all countries say they are strategic. We do this with the twin goals of coverage and stimulating competition, the benefit of consumers. Traders feared that a monopoly or duopoly is not recreated.But this call for applications is the first to include criteria as pro-competitive: the creation of four lots so that all current operators can expect to find their place, creating a criterion favoring offers to host virtual operators. We have gone as far as possible to encourage competition. But we also need strong operators, able to achieve very significant investment for years to come, both for the deployment of mobile broadband as that of the optical fiber.

How will you deal with interference of DTT by 4G?

As has always been the case in all countries of the world, a trader who buys frequencies is liable for any interference that they can generate. We assess that risk to less than 2% of households.To facilitate the processing of any such interference, the government will establish a single telephone number, with a small call center, so that individuals can report any such interference on their TV and get the linkage with operator responsible. This device will be funded by all operators at a rate of 2 million euros per year for five years.

You advocate for changing the standard of TNT. Chains bonus going to be frozen, and consumers will they have to buy a TV?

I am not campaigning for anything, and there will be no change in standard of TNT in the coming years. The French continue to receive 19 free channels and 10 pay channels of TNT, with no changes.What we're talking about is the next step, and new services to be launched in the coming years: new TV channels, personal mobile TV, 3D TV … The question is whether these new services will use the older DVB-T or the new DVB-T2 which allows to get 70% extra services. Chains on bonus, not the government that calls into question, but the European Commission, which initiated proceedings no teletrack payday loans. It would be irresponsible to issue permits for them to be canceled two years later, and that the state is then ordered to pay $ 800 million to 1 billion euros in compensation.Let the president of the CSA put its proposal and the prime minister officiate.

Packages Unlimited Internet at home are at risk?

The unlimited plans are at the heart of the development of the digital economy and are not threatened, quite the contrary. New unlimited call plans appear almost every week. Some operators have started to consider to better segment their offer, which does by no means the end of the unlimited. With the development of very high speed, there will be even more unlimited in the months and years to come.

How do you protect consumers?

We have set up with the social tariff Frédéric Lefebvre mobile phone, which allows 40 minutes to communicate and send 40 SMS for less than 10 euros per month.We will implement in the coming days the social tariff of the Internet, or 20 euros per month for telephone and broadband Internet, plus 3 euros per month for a box. We will sign an initial agreement on September 13. The order that I issued on August 26 also includes important measures as the establishment of an impartial mediator to each operator, the requirement to obtain consent from consumers for the automatic sending of commercial messages or for the establishment of witnesses navigation.

What are the issues you organize inter-ministerial seminar on October 21?

This is progress in the implementation of the declaration of Deauville.Networks (both funding and security), protection of personal data and the fight against the digital divide will be on the agenda.

What do you think of socialist proposals on digital?

The project of the PS is archaic. It is based on a tax Internet access, known as "socially progressive". Internet access will be paid based on their income! The PS also wants to abolish Hadopi and create a global license. This proposal has been accepted anywhere in the world. This would be the end of copyright in the land of the cultural exception! The PS also provides for the creation of a single public operator for the deployment of high-speed fixed and mobile. He still has not understood that the introduction of competition was the key factor in broadband deployment and growth of the digital economy.

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The CAC 40 is maintained above 3200 points

31st August

Since the beginning of the week, the Paris Stock Exchange began its session on a positive note from 1.46% to 3205.89 points, having closed at the balance Tuesday night. In mid-session, the CAC40 clinching still 1.46% at 3205.83 points.

Like the Asian markets, the benchmark index of the Paris market is supported by the slight increase in U.S. markets, reassured by the Federal Reserve. Investors are indeed more and more convinced of the will, confirmed last night by the U.S. central bank to act to restore growth.

In addition, the Atlantic, financial markets are close to their level of January 1, which could be an equilibrium point.Also an element of support for the Paris Bourse, even if it is far from that level (3847.63 points Jan. 3, 2011).

Chapter macroeconomic, investors will learn in 12 hours of agricultural price indices in July. United States, the employment figures for August will be published in the early afternoon, followed by the index of industrial activity in the Chicago area and in industrial orders in July and inventories crude oil.

On the currency front, having been an upward trend since the beginning of the week, the euro fell slightly against the dollar on Wednesday after the announcement Tuesday in a poor indicator of the European economy weighed on the currency European.In mid-session in Paris, the European currency was worth 1.4441, up 0.02%.

Values ​​to follow

In a market with relatively low volumes since the beginning of the week is a new salvo of publication of results, broadly in line with expectations, that drives the third weekly session.

Bouygues strongly supports the trend. After being briefly suspended trading at the opening, the title of group jumped 12.54% to 25.98 euros. The conglomerate has finally published its results on Wednesday, not Tuesday reported on the acquisition of 11.7% of its shares for 1.25 billion euros, a 30% premium over the closing price of the security last night.In addition, the group published a half-year net profit down 27% to 391 million euros.

Similarly, Vivendi (3.55% to 16.75 euros) said it had doubled its half-year net profit to 2.5 billion euros, with a net gain of $ 1.2 billion related to the settlement of a dispute over the PTC shares in Poland. Its subsidiary, Canal +, 80% owned by Vivendi, reported first half sales of 2.39 billion euros, up 2.8% year on year, operating profit increasing by 1 , 9% over this period easy payday loans.

In turn, Carrefour is the sentence (-3.19% to 18.05 euros), after the group announced a net loss of 249 million euros in its first half.Above all, the group has revised downwards its forecasts, expects 15% drop in its earnings.

Last night, L'Oreal (-1.70% to 75.70 euros) has reported an increase in operating profit of only 2% to 1.70 billion euros in the first half. Its operating margin for its part fell 50 basis points to 16.8%, while analysts expected an increase, on average expected a figure of 17.5%.

Vinci (1.48% to 36.06 euros) for registration in the first half net profit up 15.7% year on year and raised its annual forecast.

Cac 40 off the healthy group Hermes (-0.75% to 262.95 euros) is confirmed.The specialist luxury published net income up 49.5% to 290.9 million euros.

Bolloré (stable at 158 ​​euros) saw its net profit grow by 29%, boosted by a gain from the sale of shares of the maker of seamless steel tubes Vallourec.

For its part, Havas (1.82% to 2.8 euro) reported net income up 8% in the first half thanks to an improved operating margin.

Aéroports de Paris (0.74% to 57.27 euros) it has slightly lowered its forecast for fiscal 2011.

Hi-media (-5.31 euros, 3.39 euros) back into the green in the first half, revealing a net profit of 5.1 million euros.

For its part, the oil reacts little to the continued rise in oil prices, and the strategic agreement signed between Rosneft and will explore together the Arctic and as such invest $ 3.2 billion.Technip wins 2.28%, to 66.45 euros and a total advance of 31%, to 33.59 euros.

For its part, Bourbon wins 1.62%, to 22.86 euros. The oil services specialist maritime published a group net profit halved in the first half, to 41 million euros, but put on a recovery in the offshore oil and gas. It also confirms the objectives of its 2011-2015 plan.

Note that Ruby, Mersen (ex-Carbone Lorraine), April, Lagardère, Outremer Telecom, Eiffage, Stef-TFE, Fleury Michon, Bongrain, GFI Informatique, Gameloft, Sopra, Virbac, Reculex, Mr. Bricolage and reveal their Guyenne et Gascogne half-year after the stock market.

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The Cac 40 believes in good news about Greece

28th June

As the successor to Dominique Strauss-Kahn to head the International Monetary Fund could be announced this Tuesday – Christine Lagarde is the favorite – Greece has decided to strike until the vote of the austerity plan by the Greek Parliament should occur by Thursday. However, it seems, according to analysts that the markets are betting on good news. The euro area would have a backup in case of a negative vote.

So, in the wake of Wall Street Monday closed sharply higher, Bourse de Paris amplifies gains the previous day. The Cac 40prend 0.37% to 3810.51 points.

On the currency markets, the euro is stable against the dollar at 1.4274 dollar.For their part, oil prices rebounded in electronic trading in Asia Tuesday and remained under pressure, before the 48-hour strike in Greece to the appeal of unions to protest against austerity measures, analysts said . In morning trading, a barrel of "light sweet crude" for delivery in August gained 36 cents to 90.97 dollars.That of Brent North Sea crude for August delivery was taking 25 cents 106.24 dollars.

Housing: housing starts and building permits up

On the macroeconomic front, the number of starts of new homes increased by 11.4,% year on year in France for the period from March to May, while the number of building permits for these homes has increased 4.3%, according to figures from the Ministry of Housing.

At 18 hours, will be published the figures for registered job seekers and offers collected by the job center in May.

In the U.S., the S & P / Case-Shiller of home prices in April (15 hours) and consumer confidence in June (16 hours) are also expected.

Carrefour jumps, Casino unscrews

Against a background of optimism about the outcome of the parliamentary debate on the budget austerity in Greece, the banking sector performs well: Crédit Agricole climbed 2.50% to 9.87 euros, Societe Generale is 1.54% to 38.25 euros, BNP Paribas rose 1.10% to 50.71 euros and Natixis gained 1.04% to 3.29 euros.

EADS: 0.09% to 22.07 euros

China could control dozens of Airbus during a visit of Chinese Premier Wen Jiabao Tuesday in Berlin, said on Monday sources familiar with the matter.

Carrefour: 1.55% to 26.86 euros; Casino: -2.88% to 64 euros

The distribution group received Monday a "proposal" to create Gama Brazilian joint venture equally owned by both groups in Brazil, the latter to eventually become a shareholder of Carrefour.

Thales: 0.46% to 28.52 euros

According to an internal study cited by the Tribune, the electronics group shows a drastic decrease of 13% of customer satisfaction since the arrival of the new direction. Some regret the centralization of applications and other lack of attention to their concerns.

Lagardère: 2.95% to 28.57 euros

Analysts at the Swiss bank UBS raised their recommendation on the title to "buy" against "neutral" before.

Trigano: -3.36% to 22.27 euros

The specialist for caravans and motorhomes has said it expects a sales growth and results in 2011, following growth of 8.2% of its business in the third quarter, which covers the period from March to May

Teleperformance: -4.49% to 19.90 euros

The global call center cut its operating margin target in 2011 because of the recent slowdown in its business in the United States.

BioAlliance Pharma: 2.33% to 6.15 euros

The biotechnology company said it had filed with the French Drug Agency an application for leave to Phase III clinical trial for Livatag, treatment of primary liver cancer.

CGG Veritas: 1.14% to 23.45 euros

The group signed with the oil services group Bourbon marine services to offshore oil and gas a charter contract for five years to six new vessels support and assistance to its seismic surveys.

Alstom takes 14 hours to its General Assembly on Tuesday.

Banks battered on European stock exchanges

25th June

A real domino effect took place on European markets on Friday. First, it is the course of Italian banks, which fell sharply on the Stock Exchange shortly after the opening session. The title of Intensa Sanpaolo bank has started the day down 8%, then recover slightly to finish down by 4.26% to 1.70 euro at the Milan Stock Exchange. Another Italian bank, UniCredit, was suspended from trading because of excessive volatility of its stock, before resuming, and to close down by 5.54% to 1.363 euro.

According to traders, the dramatic decline in bank stocks is related to the Italian publication yesterday of a debt rating from Moody's. The rating agency has in fact threatened to lower the score of 16 Italian banks and two national financial institutions in the coming weeks.A decision, which followed the warning on the sovereign rating of Aa2 Italy, Moody's is considering possibly lower. The agency believes that the Italian economy is ill-prepared for a higher interest rate of 1.5% by the European Central Bank (ECB).

Spanish banks also under pressure

A similar scenario occurred at the Madrid Stock Exchange, where banks Santander and BBVA in closing yield 1.42% and 1.07% respectively. This fall, besides the influence of Italy, is amputated little optimistic comments by a member of the ECB Executive Board Jose Manuel Gonzalez-Paramo. According to him, the difficulties in debt continue to hamper the recovery in growth in major economies of the European Union."Despite signs of recovery, the crisis continues and we are not prepared to see the end," he said in a speech at the University of Malaga, adding that the euro area is in the epicenter of the global financial crisis.

In order to save taxpayers the full cost of a new bailout of Greece, the Spanish government has asked banks and savings banks in the country to maintain custody of Greek sovereign debt over the next five years business card templates. In addition, the second aid package to Greece is expected to reach 110 billion euros at the European level, with the private sector contributing to 25% of that amount, according to sources. This pressure on the Spanish banks in a financial uncertainty, have also contributed to the decline in bank stocks in Madrid."We had a little bit of panic in markets with statements from each other on Greece," said one trader in Paris in an interview with Reuters.

French and British banks affected

The debt crisis in the euro area and uncertainties regarding the financing of the plan of aid to Greece depress shares of banks of several European markets. In the wake of Italian and Spanish banks, Natixis closed down -3.67% at the Paris Bourse, where she Clesse red lantern CAC 40. The other listed financial institutions in Paris, AXA (-2.45%), BNP Paribas (-2.13%), Crédit Agricole (-2.04%), and Societe Generale (-1.78%), also end down the charts.

The same quake on the financial sector took place in the City of London, but to a lesser extent. Standard Chartered yielded -0.95%, and the title of Barclays fell by -1.9% to closing of the London Stock Exchange.HSBC even managed to finish the session in the green, gaining 0.3%. Despite the concerns of the Policy Committee on Financial debt crisis, the Federation of British banking shows that banks already use their profits to build their own funds. But some analysts now fear that their ability to lend to households and businesses suffer.

Latest bad news for the banking industry on Friday: Moody's lowered the debt rating assigned to the two country's banks, Anglo Irish Bank and Irish Nationwide Building Society to Caa1 from Caa2. This decision was taken in response to what the Irish government, which said last week will bear the losses of these banks with their bondholders. These two Irish banks are not publicly traded.

The Fed is lowering its forecast

23rd June

The Central Bank of the United States (Fed) is more pessimistic about the U.S. economy than it was last April. She announced on Wednesday to lower all of its forecasts for the fourth quarter. Result: economic growth year on year over this period should be between 2.7% and 2.9% against a range of 3.1% and 3.3% previously.

In turn, the unemployment rate should be between 8.6% and 8.9% on average in the fourth quarter, while two months ago the Fed was counting on 8.4% to 8.7%. The unemployment rate rose to 9.1% in May Finally, inflation is seen between 2.3% and 2.5% year on year and between 1.5% and 1.8% excluding food and energy.These forecasts are higher than in April, from 0.2 to 0.3 percentage points.

The Monetary Policy Committee believes that "the economic recovery continues at a moderate pace, although slightly slower than the Committee had anticipated." The Fed also shows less optimistic regarding the labor market. It considers "lower than expected," instead of "gradual improvement" in his words of April.

Rate remained at zero

In this context morose, the decision was taken unanimously by the members of the Monetary Policy Committee to leave unchanged the interest rate the central bank in a range from 0% to 0.25%.This is the twenty-second meeting following the end of which the committee announced that there will remain "for a long time."

The Fed also reiterated that its share repurchase program of $ 600 billion of debt the Treasury launched in November will end well at 30 June The Fed will continue its policy of reinvestment of securities it holds. One way to maintain a constant level of liquidity injected into the financial system of the United States payday loan.

The Fed lends to new interventions

At a press conference, the Fed chief, Ben Bernanke, said it was considering as well as to intervene again to change nothing. "We would be prepared to take additional measures, clearly, if conditions warrant. We have a number of ways of acting, none of them being devoid of risks or costs.We could, for example, make more purchases of securities or structured differently. We could lower the interest we pay to banks on their excess reserves with the central bank, "he said.

In his view, the Fed could act "by giving a specific date to define the long period" during which it wishes to maintain its key interest rate near zero. "These are the ways we can ease monetary policy further if necessary. Of course, all these things are somewhat unusual, "noted the President of the U.S. central bank.

But he stressed that the Fed could also maintain the status quo: "If the economy worsens and inflation remains relatively low, then we will not begin to emerge from the current monetary policy, he warned. And therefore we will not change the language. "

The central bank, anxious to reassure the markets, however, added that "the slowdown in economic recovery is in part a reflection of factors likely to be temporary, such as rising food prices and energy, or purchasing power and household consumption, and supply disruptions associated with the tragic events in Japan. " On Wall Street, investors are not convinced. At the close, the Dow Jones loose 0.66% to 12,110 points.

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Key measure of five years, the tax shield is buried

12th June

It unanimously that members have voted to delete one of the cornerstone of the quinquennium of Nicolas Sarkozy. On the night of Friday to Saturday at a little over two hours of the morning, the parliamentarians adopted rule repealing the tax shield, established in 2007 to limit to 50% income taxation. All of the supplementary budget will in turn be a formal vote on Tuesday afternoon.

Strongly contested by the opposition and discussed in the majority, sending checks every year to the wealthiest taxpayers had come to interfere with government. In 2010, a total of 678 million euros that the state has returned to the beneficiaries of this measure, a figure slightly higher than in 2009 (EUR 586 million). Especially, like last year, is only a small fraction of some 592,000 taxpayers subject to the ISF who earned the largest amounts recovered.If the amount of average check totaled 40,908 euros, the richest 7% received 60% of the amount paid, or 381,000 euros on average.

To the dismay of Socialist deputies, the government's plan, however, does not remove the tax shield that from 2012 on taxes paid on income in 2011. According to the deputy PS Jerome Cahuzac, the measure should thus continue to cost the public finances 550 million Euros in 2012 and 200 million in 2013.

Relief ISF

The elimination of this symbolic mandate Nicolas Sarkozy also fits into the context of a broader reform of the taxation of wealth, the members approved each measure in recent days. To parliamentarians, the Minister of Budget, Baroin, endeavored to describe the philosophy of combining text as "social justice" (the end of the tax shield) and "tax justice" (relief ISF)."The government is a simple reform, fair and balanced" has said repeatedly this week Baroin.

On Friday, the parliamentarians approved a reform of the solidarity tax on wealth (ISF), which raises € 800,000 to 1.3 million euros threshold of assets at which a taxpayer is taxable to the ISF. Approximately 300,000 people should therefore be exempt from this tax next year. The current rate also eased: below three million, the tax rate increased from 0.55% to 0.25% when it is lowered to 0.5% instead of 1.8 % above. Overall, 250,000 taxpayers should therefore pay less. This reform will result in a revenue decline of 1.8 billion euros.

A shortfall that is projected by the government, be offset by the elimination of the tax shield, the higher taxes on gifts and estates, and the new tax on second homes of strangers, sitting on their rental value. In total, the projected deficit for 2011 however, increases of 596 million euros, 460 million due to payments associated with the Taiwan frigates affair. Remain a little over 130 million bridge to return to the original projected deficit. Baroin promised by the end of the year new savings measures to achieve this.

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Villepin reviled by economists

2nd May

Sunday, the eve of his appearance in the appeal trial of the Clearstream affair, the president of Republic has secured his lieutenants met to take stock of his presidential program. Nothing has yet filtered to the meeting, which promised to be stormy, after the sensational resignation of Daniel Garrigue, member of the Dordogne and former spokesman of the party in mid-April. Firing on all cylinders on the "key measure" Republic of solidarity citizen's income of 850 euros, he has indicated to Point.fr a number of senior Dominique de Villepin had "reservations" on the envelope the French who earn less than 1500 euros per month. "We felt that this was in line for assistance and have expressed concerns about its cost: 30 billion euros."

Yet among economists, skepticism is also recommended for this citizen's income.Contacted by lefigaro.fr, many did not wish to speak, often lamenting the "vagueness" surrounding the financing of the project. For less critical, Thomas Piketty, an economist at the Paris School of Economics and tax specialist, judge with his citizen's income, Dominique de Villepin is "totally off base." "If the 850 euros are supposed to replace the 450 euros RSA [the income of active solidarity, for a single person here, note] currently in force, then it is still a huge increase," said he.Even knowing that all benefits would jump so (including, for example, 200 euros in housing assistance that can be allocated in addition to RSA), with the exception of family allowances.

Clearly, Thomas Piketty concerned about the "overall estimate" of the device: "What is certain is that even in the most reasonable interpretation, the cost of such a measure would effectively be considerable." According to him, it will "probably on the order of several tens of billions of euros", as if to indicate that the 30 billion mark set by Dominique de Villepin could be greatly exceeded.For him, "in the economic and fiscal 2012, with more than empty public coffers, I do not think the French have wanted to pay 30 billion in additional taxes" to allow this "surge" RSA ".

To help eliminate Medicare?

However, funding is central if we are to believe the will displayed by Dominique de Villepin to bridge the gap between the richest and poorest, as it has many times suggested. Because nothing says that the citizen's income to be successful, as pointed out Eric Heyer, an economist at the OFCE, Research Center in Economics from Science-Po. For now, he admits to not knowing who really enjoy the device "with the citizen's income, if you ask me if it will eliminate health insurance for the balance, I think 'yes'" , says he.In the same vein, "saying that everyone will pay the tax, even at a symbolic level, it's easier than explaining that it will raise VAT by four points," said Mathieu Plane echoed his colleague at OFCE, there is little in Le Parisien.

Between the lines, it appears unlikely that their income citizens by funding growth (recently revised downward by a quarter point for 2012 to 2.25%) coupled with increased tax income of 3% of the wealthiest taxpayers is sufficient, as the leader of the Republic hopes solidarity. One year before the presidential election, when all politics is activated to take control of the purchasing power, the image of Nicolas Sarkozy during a visit to a foundry in the Ardennes in mid- April, it will take more than effects of posting to Dominique de Villepin to gain credibility.

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Arthur Sadoun promoted

30th April

Since his appointment as President of Publicis Worldwide in late March, early decisions were expected from Jean-Yves Naouri. The first is to appoint a chief executive, Arthur Sadoun, currently president of Publicis France.

For nearly 40 years, Arthur Sadoun retrieves a key post number three worldwide communication. The 200 agencies Publicis, present in 82 countries with nearly 10,000 employees, is the first ad network of Publicis Groupe. The history teaches group chaired by Maurice Levy works for global accounts such as L'Oreal, Renault, Nestle and Procter & Gamble.

The ex-CEO of TBWA Paris, who arrived at the head of Publicis Conseil in 2006, has a clear round pay day loans.In four years he has spruced the second agency of France, who won international budgets driven from Paris, like Orange and Luxottica (distribution of glasses), but also major local accounts such as RATP or BNP Paribas. Known for his human qualities, considered a "team builder" and an unparalleled shopping, Maurice Levy gave him the keys of Publicis France in early 2009. Today by becoming the closest collaborator of Jean-Yves Naouri, who is himself chief executive of Publicis Groupe operational and therefore the closest adviser to Maurice Levy, Arthur Sadoun fits well inside the horizon of a global leader in communication.

Disneyland: The accident did not affect the stock market

26th April

Since its opening 19 years ago, Disneyland Paris had been a fire on the roof of Rock'n'Roller coaster, an attraction at Walt Disney Studio park dedicated to film adjoining the main site of Marne-La- valley. He had done no hurt. The accident Sunday afternoon on one of the most popular attractions of the park, Mine Train, is a first, and could have adverse consequences for the activity of Euro Disney. And more so that the prognosis would be engaged to one of five victims, according to a source familiar with the matter.

The accident comes at a bad time while turnover theme parks of Euro Disney (Disneyland Paris, Walt Disney Studios) declined in 2010 from 2.9 million to $ 685 3 million reflecting a decline in attendance from 3% to 15 million visits.A decline partially offset by a 2% increase in average spending per visitor to 45.30 euros 44.22 euros in 2009 cons.

At the Paris Bourse, investors are indifferent to the news. Euro Disney wins the title, in fact, 0.57% to 8.78 euros after the first half hour of trading, while the CAC 40 lost 0.24%.

Three candidates for the resumption of Jean-Paul Gaultier

3rd April

The names of PPR and Prada had been raised. Both groups would ultimately not pursued. After confirmation by Hermès its intention to separate the 45% stake in the Jean-Paul Gaultier, have accelerated discussions with other candidates. According to Les Echos newspaper, they would be three in contention: the Catalan group Puig, which controls including Nina Ricci and Paco Rabanne, the Swiss company Richemont and Chinese Fung Capital, the financial arm of the family Fung. The latter comes from elsewhere to acquire the shoemaker Robert Clergerie, already owns Cerruti.

Exclusive negotiations

Exclusive negotiations could be opened with one of three contenders in the coming days. For the intentions differ according to the potential buyer. The Chinese group Hermes would remain the capital of fashion. Richemont, would prefer to fully resume the hand.In all cases, the creator – Jean-Paul Gaultier who is seeking a shareholder loan to finance its international expansion, particularly in Asia – should yield a marginal part of the 55% stake it owns.

The valuation of the house Gauthier is discussed: from tens of millions and hundreds of millions of euros. The house would have recorded a total turnover of 22.5 million euros in 2009, a fall of 19% over the previous year.

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