[YG Press] Louis Vuitton Invests $60 Million in YG Entertainment, Becomes 2nd Largest Stockholder

[nananana]

Source: Joy News 24 via Naver

 

 

"YG Entertainment announced Wednesday it will sell new shares worth 61 billion won ($59.7 million USD) to the investment fund arm of French luxury group LVMH."¹

 

"YG Entertainment said it will issue 1.35 million convertible preferred shares, which are priced at 44,900 won (approximately $44 USD), through a third-party allotment with L Capital Asia, the Asian trading arm of LVMH."²

 

"Its shares closed at 46,000 won at the secondary-KOSDAQ market on Wednesday, up to 3.14 percent from the previous session."³

 

"LVMH is continuing talks with YG to purchase another $20 million USD in shares from YG's founder, Yang Hyun Suk.  Shares in YG Entertainment rose 3.1% prior to the news and is up 13% after reports of the investment made rounds in the media."â´

 

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Article: 'YG Entertainment Joins Hands with Louis Vuitton, Invests $60 Million into YG Entertainment'

 

1. [+14,765, -2079]  It's a win-win for Yang CEO.  If you want to become even bigger, ditch the druggie girl. 

 

2. [+12,939, -536]  Wow;;;;;  This is really amazing

 

3. [+12,838, -2908]  I like that YG chooses skill over looks.  SM is like an idol-producing factory.

 

3. [+9145, -465]  Holy crap, wow.

 

4. [+7869, -448]  Wow............ they must be pleased.

 

5. [+1838, -129]  The best thing Yang Hyun Suk has done in his life = Discovering G-Dragon

 

6. [+1617, -86]   They probably invested after seeing GD..  GD receives a lot of sponsored items from Louis Vuitton, Chanel, etc. ã…‹ã…‹ 

 

7. [+1548, -87]  It wouldn't have happened if it wasn't for GD ã…‹

 

8. [+1544, -126]  It's not YG who should be praised.  It's Big Bang and GD who should be.

 

9. [+1259, -171]  They're that big of a company, you really think they can't control the head of prosecution and their personal connections?

 

10. [+1149, -77]  Daebak.  To think that Louis Vuitton is investing in a Korean company

 

11. [+1032, -54]  Honestly, this is all thanks to GD..  GD gets the most sponsors here in Korea and even in their company, he gets the most.  Big Bang only gets a little and some of the other YG artists barely get any sponsors...  I heard they've sold a lot because of him and that's why he gets a lot of sponsors..

 

12. [+1007, -76]  Well, first off, just by the looks of the amount of sponsors GD gets, there's nothing else to say....  Plus YG has a lot of connections overseas.....

 

13. [+1051, -230]  Heh, GD provides for a lot of people, doesn't he? ã…‹ã…‹ã…‹ã…‹ Of course they invested because of GD ã…‹ã…‹ã…‹ã…‹ Do you think they did it because of Epik High or something

 

14. [+737, -128]  Look at YG's class.  That's really incredible.

 

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[Meth Krystal]

7. [+1548, -87]  It wouldn't have happened if it wasn't for GD ã…‹

[M A M A]

 

The upvotes

[karutamral]

3. [+12,838, -2908]  I like that YG chooses skill over looks.  SM is like an idol-producing factory.

 

Lol, I wonder where the negs came from. 

[elfyeol]

5. [+1838, -129]  The best thing Yang Hyun Suk has done in his life = Discovering G-Dragon

[MK15]

Can those journalists get it right for once and use LVMH instead of Louis Vuitton in their headlines...

[TheOfficialPimpwife]

hmmmm

[˹AS˼]

How about they start giving 2NE1 some of that LV clothing to wear instead of that CRAP Jeremy Scott. Seriously Adidas, WHY did you join forces with this dude......................

[liya18]

good for YG but I think LV can invest somewhere better!

[Good People]

wow, what has LVMH seen that others haven't?

[NewEvolution]

Can we see 2NE1 in some of that Louis Vuitton shit now, pls?

[Mint]

7. [+1548, -87]  It wouldn't have happened if it wasn't for GD ã…‹

YG better worship G-sus

[Sukurathen]

LOL the comments are so funny.

Like 2 years ago, they were calling him G-Druggin and saying that he needs to go to jail for his crimes.

[nananana]

YG better worship G-sus

[Pocket Hyung]

Knetizen 1 and the upvoters are still butthurt eh

[Lirrel]

"9. [+1259, -171] They're that big of a company, you really think they can't control the head of prosecution and their personal connections?"

 

YG was not the same 4 years ago, they weren't even public yet. They couldn't even shield GD which was their biggest asset, I doubt that they would for Bom.

[Felisha]

poor 2ne1 . they will be forever wearing Jeremy scoot. They are not on LV level yet only GD and big bang are 

[Rapmon's Ahjussi Husband]

So how many shares does LV have of YG atm ?, because they will endorse their crap through YG idol's MVS and stage performances, and i'm not so sure i'm ready for the westernization of the korean culture / music; I like kpop for one reason , and that's they aren't influenced by western culture

[SEWER RAT]

So how many shares does LV have of YG atm ?, because they will endorse their crap through YG idol's MVS and stage performances, and i'm not so sure i'm ready for the westernization of the korean culture / music; I like kpop for one reason , and that's they aren't influenced by western culture

 

Uh, Korean celebrities endorse western brands. Endorsing a brand isn't suddenly going to make Koreans stop eating kimchi.

[SoshiBang]

good for YG but I think LV can invest somewhere better!

Like where?

[Schitstainz]

So how many shares does LV have of YG atm ?, because they will endorse their crap through YG idol's MVS and stage performances, and i'm not so sure i'm ready for the westernization of the korean culture / music; I like kpop for one reason , and that's they aren't influenced by western culture

 

Say what?

 

K-Pop has been influenced by the west since day one.

[junglove]

Like where?

she wants LV to invest in SM lol

[MK15]

They won't be wearing LV from head to toe though... LVMH owns a lot of fashion brands... GD can bring back his pink Celine coat from his wardrobe now

[SlayingSeohyun]

The funny thing, when it was actually SM that first discovered GD, lol.

[RedBeans]

G G G G  baby baby