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LVMH Invests $122 Million in Oxygen Media

NEW YORK -- LVMH Moet Hennessy Louis Vuitton (Nasdaq:
LVMHY), a global luxury goods group, and Europ@web together will make a strategic investment of $122 million in Oxygen Media, the media company that is developing a brand for women on the Internet and cable television. LVMH will take a minority stake in Oxygen and a seat on its board of directors. Europ@web is the Internet investment company recently established by Groupe Arnault, the private holding company that controls LVMH. Oxygen's private financing includes previously announced investments from: O