Reworld Media says “Grazia” to Mondadori

Reworld Media expands its catalog. The group, which aims to be a consolidator of the media industry, has just signed an agreement with Mondadori for the worldwide acquisition of the titles Icon, focused on men’s fashion and lifestyle, and Grazia, presented as top female range. Already owner of Grazia in France, Reworld World will be able to extend its footprint to 21 new countries, including the United Kingdom, the United States, China and Germany. ” The scope of recovery [total, Grazia et Icon] generated in 2021 a turnover of around 18 million euros “, indicates the group founded and directed by Pascal Chevalier, specifying to have put on the table some 6.5 million euros to complete the operation, including one million in cash. An additional price of 2 million euros is provided for in the contract, subject to the performance of the securities in 2023. This represents an acquisition multiple of 0.4 times to 0.5 times the turnover.