Canal Plus plans to sell shares in Studio Canal division

Article Abstract:

Canal Plus SA is planning to sell off stock in its Studio Canal unit. The company is planning to list the shares in May 2000. Studio Canal is the group that entails Canal Plus' film and television production, as well as its distribution and rights operations.

Strategy & planning, Motion picture & video production, Motion Picture Production, Motion Picture and Video Production, Planning, Motion picture industry, Movie industry, Movie production, Canal Plus S.A., Studio Canal-Plus

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Canal Plus says PolyGram film unit is too expensive at about $1 billion

Article Abstract:

Canal Plus SA considers the price for PolyGram Filmed Entertainment at around $1 billion to be too high for the company to afford. Chairman and CEO Pierre Lescure said that even if the price was more reasonable, it would not negotiate without partners. The PolyGram film unit was put on sale following the acquisition of PolyGram by Seagram Co. of Canada since the unit overlaps with Seagram's Universal Inc. Canal is said to be looking for solution for the acquisition of the PolyGram film unit and interested parties include Bertelsmann AG and Warner Bros. Inc.

Comment:

Considers price for PolyGram Filmed Entertainment at around $1 bil to be too high for company to afford

Acquisitions & mergers, Motion Picture and Video Industries, Motion Picture & TV Production, Canal Plus Productions S.A., Article

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LVMH names Ullman to lift retailing division

Article Abstract:

LVMH Moet Hennessy Louis Vuitton SA has named Myron Ullman to head its selective retailing division. Ullman was previously head of the Duty Free Shoppers unit of LVMH, which posted losses of $34.1 million for the first half of 1998 due to trouble in the Asian Pacific markets. Ullman will also be in charge of the newly acquired Sephora perfume chain. In his new job, Ullman will help expand and integrate LVMH's retail activities across the globe.

United States, Executive changes & profiles, All Other Specialty Food Stores, Misc. general merchandise stores, Duty Free Shops, Officials and employees, Appointments, resignations and dismissals, Abstract, Specialty stores, LVMH Moet Hennessy Louis Vuitton S.A., DFS Group Ltd., Ullman, Myron E.

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