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Journe SA officially sold 20% ownership to CHANEL

Walter2
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Good deal !

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Velociphile September 14th, 2018-10:10
Well it was only a question of time, but interesting that it’s Chanel And not Richemont 🤣
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Walter2 September 14th, 2018-10:38
I think Chanel matching better than Richemont, Chanel is Paris and Journe is from Paris.  
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Spangles September 14th, 2018-10:45
Is this being read as a total sale of the company? Is FPJ no longer an independant? I believe AP owns the same % of Richard Mille.
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Walter2 September 14th, 2018-10:58
First 20% and option of the rest, in five years they have 100%. Congratulations to FPJ, well done! RM - RP and RP - AP )
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Spangles September 14th, 2018-11:33
Ah, yes. I was so sure FPJ would never do this I'm a little sad about it.
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Tavio_George September 14th, 2018-11:59
Is the option to buy 100% speculation on your part or are you confirming? Thank you...this is very interesting.  
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Walter2 September 14th, 2018-12:51
Speculation, but why it should be different now, we know this from other companys and deals.  
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foversta September 14th, 2018-13:27
No, I'm totally in disagreement with this statement.  
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Walter2 September 14th, 2018-15:22
A global player like CHANEL dont buy 20% without option to buy more. When the buy more, this is only question of time, now they have one leg inside. For FPJ it is a life insurance to survive in a market with four big players. CHANEL keep his back free. You are rigth, he is from Marseille and later in Paris for his first steps. My mistake! If it is not a Paris story, so it is a French story.
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foversta September 14th, 2018-13:26
Journe is from Marseille (yes he made his first steps in Paris) but this agreement is not a Paris story.  
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