[21.07.22] PRESS RELEASE
TF1 GROUP HAS ENTERED INTO EXCLUSIVE NEGOTIATIONS FOR THE SALE OF ITS 70% STAKE IN THE CAPITAL OF YKONE TO FUTURE TECH RETAIL
The TF1 group has entered into unique negotiations with Future Technology Retail (FTR), a know-how and retail options funding firm subsidiary of BinDawood Holding, with a view to promoting its stake in YKONE, the worldwide influencer advertising company.
Created in 2008 and built-in within the TF1 Group from 2018, the YKONE company has expanded from its preliminary presence in France to 12 international locations internationally to grow to be at the moment one of many main gamers within the sector. YKONE is presently current in Paris, Milan, Geneva, Berlin, Munich, Las Vegas, Miami, Dubai, Abu Dhabi, Riyadh, Jeddah, Hong Kong, Bangalore, Tunis and Shanghai.
Whilst increasing geographically, YKONE has additionally prolonged its providers by growing a technological providing CAMPAYGN, buying influencer community BOLD MANAGEMENT and by launching the ODDLY ENOUGH manufacturing firm. YKONE lately acquired German company COVER, after having acquired Milanese company BALDI in 2021, rounding out its European presence. It now employs a employees of greater than 150 and helps round 50 main teams of their social media and influencer methods.
Specialist in luxurious, magnificence and journey, YKONE helps main international manufacturers of their influencer advertising campaigns. The sector is having fun with very robust progress and advantages from progress in promoting spend on social media. Since 2020, the corporate has doubled its income every year.
About the TF1 group:
The TF1 group is a significant participant within the manufacturing, publication and distribution of content material sectors. Our raison d’être: to positively encourage society.
Our operations are break up between two divisions:
The Media division is residence to: our 5 free-to-air channels (TF1, TMC, TFX, TF1 Séries Films, LCI); our 4 theme channels (Ushuaia TV, Histoire TV, TV Breizh, Série Club); our on-demand content material platforms (MYTF1, TFOU MAX and Salto); our iconic digital manufacturers (together with Marmiton, aufeminin, Doctissimo and Les Numériques); and the TF1 PUB promoting airtime gross sales home. We additionally function in music manufacturing and dwell reveals with Muzeek One. The Production division, with Newen Studios, is residence to 40 artistic corporations and labels in France and overseas. The division creates and distributes programmes throughout all genres and for all media trade gamers, from public service and private-sector broadcasters to on-line platforms.
The TF1 group has operations in 20 international locations, and employed 3,380 folks as of 31 December 2021. In 2021, the TF1 group generated income of €2,427 million (Euronext Paris, compartment A: ISIN FR0000054900).
About Ykone:
Founded in 2008 in Paris, the Ykone company is presently current in Europe, Asia and the US, and has grow to be one of many main worldwide influencer advertising companies. For virtually 15 years, Ykone has been a pioneer in its sector, designing ever-more bold campaigns for manufacturers in luxurious items, magnificence, vogue and journey sectors in addition to
Legal discover télévision française 1 – TF1 French public restricted firm with capital of 42,097,127 euros Nanterre Company Register 326 300 159 – 1 quai du Point du Jour 92656 Boulogne-Billancourt Cedex This doc is licensed by Wiztrust.
for main shopper items manufacturers. The company’s clients embrace L’Oreal, LVMH, Chopard and Nespresso. Ykone joined the TF1 Group in 2018.
About the Future Technology Retail (FTR):
Future Technology Retail (Future Retail for Information Technology Company) is a completely owned subsidiary of BinDawood Holding, one of many main grocery retail operators within the Kingdom of Saudi Arabia. Established in January 2022, with a mandate to capitalize on tech associated funding alternatives within the retail sector. FTR introduced the signing of a definitive settlement in March 2022 to amass a majority stake in International Applications Trading Company (IATC), the corporate which developed and manages BinDawood Holding’s Danube and BinDawood ecommerce channels. The Ykone acquisition is to be made by a brand new French subsidiary firm to be integrated by FTR.
TF1 GROUP
INVESTOR RELATIONS – [email protected]
CORPORATE COMMUNICATION – [email protected]
Legal discover télévision française 1 – TF1 French public restricted firm with capital of 42,097,127 euros Nanterre Company Register 326 300 159 – 1 quai du Point du Jour 92656 Boulogne-Billancourt Cedex This doc is licensed by Wiztrust.
https://www.marketscreener.com/quote/inventory/TF1-4714/information/TF1-HAS-ENTERED-INTO-EXCLUSIVE-NEGOTIATIONS-WITH-FUTURE-TECH-RETAIL-FTR-41047959/
