Lagardère SCA (LAG.F)
- Reuters
Lagardere says it is closing in on sale of Paris Match magazine to LVMH
PARIS (Reuters) -French media and business conglomerate Lagardere said on Wednesday it is moving closer to a sale of its Paris Match magazine to luxury goods giant LVMH, on an enterprise value price tag of 120 million euros ($130 million). "At its meeting today, the Board of Directors of Lagardère SA noted the satisfactory progress of the exclusive discussions initiated with the LVMH group on 27 February 2024, following the offer received for Paris Match magazine, and authorised the signature of a preliminary memorandum of understanding and the continuation of exclusive negotiations," said Lagardere. LVMH already owns financial newspaper Les Echos as well as daily paper Le Parisien.
- Bloomberg
Lagardère CEO Resigns After Being Charged With Embezzlement
(Bloomberg) -- Arnaud Lagardère, the French business scion who heads a publishing group now controlled by Vivendi SE, was charged with alleged embezzlement and has resigned provisionally as chief executive officer of Lagardère SA.Most Read from BloombergTesla Axes Supercharger Team in Blow to Broader EV MarketAmazon Reports Strong Cloud Unit Sales on Rising AI DemandPot Stocks Surge on Report DEA Set to Reclassify MarijuanaHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance Founde
- Reuters
French publisher Lagardere's CEO quits executive roles due to indictment
PARIS (Reuters) -Arnaud Lagardere, the chairman and CEO of French publishing group Lagardere SA, has resigned from his executive roles as a result of an indictment against which he will appeal, the company said on Tuesday. The indictment made by French prosecutors on Monday accused Arnaud Lagardere of misappropriating company funds for his own personal expenses. The 63-year-old executive denied all the allegations it contained, Lagardere SA group said in a statement.
