Fort Worth’s TPG in talks to sell Creative Artists Agency to French luxury tycoon for $7B

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Fort Worth’s TPG in talks to sell Creative Artists Agency to French luxury tycoon for $7B
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Luxury tycoon Francois-Henri Pinault is in advanced discussions to buy a majority stake in Creative Artists Agency, according to people familiar with the...

Rival Paris-based luxury firm LVMH, controlled by the world’s second-wealthiest person, Bernard Arnault, owns labels ranging from Louis Vuitton to Christian Dior to Dom Perignon. LVMH, the world’s largest fashion conglomerate, had already made inroads into the entertainment world by signing up Pharrell Williams as men’s creative director at Louis Vuitton, following collaborations with the likes of Rihanna.

CAA, founded by Michael Ovitz, Ron Meyer and several partners in 1975, has long been one of the premier power brokers in Hollywood, though the so-called superagents later left for new ventures.

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