12th May 2021 10:12
Future PLC - Bath, England-based magazine publisher and new owner of GoCompare price comparison website - Buys Marie Claire US, a joint venture between Marie Claire Album SAS and Hearst Magazines Media Inc. Future doesn't provide the purchase price but says Marie Claire US had USD19.1 million in revenue in 2020, about half of which was from digital media. Future also enters a five-year license agreement with Marie Claire Album to operate in the US and Canada. The deal follows Future's purchase of Marie Claire UK last year and is intended to strengthen its position in the women's lifestyle vertical in North America.
Future notes it will issue results for the six months to March 31 on May 19.
Current stock price: 2,380.00 pence
Year-to-date change: up 37%
By Tom Waite; [email protected]
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