Two takeover bids launched for the Drouot
FRANCE: Just weeks after Sotheby’s and Christie’s first sales in Paris, the Hôtel Drouot is the target of two takeover bids, from Barclays Private Equity, an investment fund, and Pierre Bergé, longtime president of the Yves St-Laurent fashion house and a former chairman of the Paris Opera.
Both are seeking control of Drouot Holding SA, the company that owns both the Hôtel Drouot and the l…