LAGARDERE (EPA:MMB) - Meeting of the Board of Directors of Lagardère SA
Transparency directive : regulatory news
Click here to download pdf version
Paris, 28 September 2021
Meeting of the Board of Directors of Lagardère SA
The Board of Directors of Lagardère SA met on September 24, 2021 at the
invitation of Arnaud Lagardère, to receive the presentation of the 2022 - 2024
This strategic plan is in line with the model reaffirmed at the time of the
company's transformation into a joint-stock company, based on complementary
businesses and optimization of the operational performance.
For each of the businesses, this strategy is based primarily on the following
* external growth aimed at optimizing our current geographic footprint and
improving the quality of our business in all segments
* increased exploitation of the richness of catalogs and the rights attached to
them, with a view to adapting the written words to different forms of
distribution and to new audiences;
* modernization of the distribution system and continued savings and
rationalization of costs;
* particular attention to CSR issues, both in terms of the division's
operations and the very design of its business;
Lagardere Travel Retail
* consolidation of the leadership position in the three Travel Retail business
lines, through a more collaborative value proposition and partnerships with
lessors and brand owners;
* strengthening organic growth through the development of digital and an
ambitious CSR vision;
* continued efforts to achieve operational savings, through expense
variabilization and optimization of structural cost-cutting measures, as well
as optimization of working capital and cash flow;
* accelerated expansion, particularly in Asia, in all three business lines.
development of the influence and audience of the Lagardère News division,
improvement of the editorial offering, rationalization of costs, and
strengthening of the digital business.
Agreement between Vivendi and Amber Capital
Following the announcement on September 15, 2021 by Vivendi SE of its plan to
acquire Amber Capital's stake by December 15, 2022, subject to obtaining the
necessary authorizations for the takeover that may result from the mandatory
public offer that would follow this acquisition, the Board of Directors, in
accordance with stock market regulations, will set up an ad hoc committee from
among its members with a majority of independent members, which will be
responsible, in particular, for monitoring the process and preparing the draft
opinion that the Board of Directors would be asked to issue at the appropriate
time on the proposed offer.
Created in 1992, Lagardère is an international group with operations in more
than 40 countries worldwide. It employs some 28,000 people and generated
revenue of EUR4,439 million in 2020.
The Group focuses on two priority divisions: Lagardère Publishing (Book and
e-Publishing, Mobile and Board games) and Lagardère Travel Retail (Travel
Essentials, Duty Free & Fashion, Foodservice).
The Group?s operating assets also include Lagardère News and Lagardère Live
Lagardère shares are listed on Euronext Paris.
Tel. +33 1 40 69 16 33
Image 7 contact
Tel: +33 6 89 87 61 76
Investor Relations Contacts
Tel. +33 1 40 69 17 45
Alima Lelarge Levy
Tel. +33 1 40 69 19 22