• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Lagardere CEO: There is no conflict with Arnault

September 4, 2021 by David Barret Leave a Comment

September 4, 2021

PARIS (Reuters) – Arnaud Lagardere, the CEO of Lagardere, denied on Sunday that he is having a conflict with luxury goods billionaire Bernard Arnault, who recently confirmed he was effectively cutting ties with Lagardere’s personal holding company.

“There is no divorce. On the contrary, we have been discussing it for a few months. Bernard Arnault continues to believe in the future of the Lagardere group, in its ability to bounce back, and in its strategy,” Lagardere said in an interview with weekly Le Journal du Dimanche, which he owns.

“The best proof of his trust is that Financière Agache stays in the capital of the Lagardere group…Our relations are excellent. My role is now to make sure he makes gains on his investment,” he added.

Arnault came to Lagardere’s rescue in May 2020 with an investment to help fight off an activist fund and mop up personal debts.

Last week Arnault restructured his holding in the media and publishing group, however, becoming a straightforward shareholder with a 10% stake rather than an investor in Lagardere’s personal holding company.

Lagardere told the weekly that the scope of the Lagardere group would remain “intact”.

“We will keep all the assets and expand them … This group will experience an historic rebound after a phase of reconstruction and shareholders’ instability,” he added.

(Reporting by Dominique Vidalon; Editing by Sonya Hepinstall)

Source Link Lagardere CEO: There is no conflict with Arnault

David Barret
David Barret

Related posts:

  1. Explainer-Apple gives ‘reader’ apps a way around commissions. Who wins?
  2. Golf – Reid on Solheim Cup return: ‘nicer than giving out water bottles’
  3. Golf – Reed back in action, feared for his life during hospital stay
  4. Tableau launches new enterprise plans, big data tools

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • World’s Oldest Pots: 20,000-Year-Old Vessels May Have Been Used For Cooking Clams Or Brewing Beer
  • “The Body Is Slowly And Continuously Heated”: 14,000-Year-Old Smoked Mummies Are World’s Oldest
  • Pizza Slices, Polaroid Pictures, And Over 300 Hats: What’s Left Behind In Yellowstone’s Hydrothermal Areas?
  • The Mathematical Paradox That Lets You Create Something From Nothing
  • Ancient Asteroid Ripped Apart In Collision Had Flowing Water
  • Flying Foxes Include The World’s Biggest Bat And The Largest Mammal Capable Of True Flight
  • NASA Responds To Claims That Interstellar Object 3I/ATLAS Is An Advanced Alien Spacecraft
  • Millions Of Tons Of Gold Are In Earth’s Oceans, Potentially Worth Over $2 Quadrillion
  • The Race Back To The Moon: US Vs China, Will What Happens Next Change The Future?
  • NOAA Issues G3 Geomagnetic Storm Warning As 500,000 Kilometer Hole Sends Solar Wind At Earth
  • Lasting 776 Days, This Is The Longest Case Of COVID-19 Ever Recorded
  • Living Cement: The Microbes In Your Walls Could Power The Future
  • What Can Your Earwax Reveal About Your Health?
  • Ever Seen A Giraffe Use An Inhaler? Now You Can, And It’s Incredibly Wholesome
  • Martian Mudstone Has Features That Might Be Biosignatures, New Brain Implant Can Decode Your Internal Monologue, And Much More This Week
  • Crocodiles Weren’t All Blood-Thirsty Killers, Some Evolved To Be Plant-Eating Vegetarians
  • Stratospheric Warming Event May Be Unfolding In The Southern Polar Vortex, Shaking Up Global Weather Systems
  • 15 Years Ago, Bees In Brooklyn Appeared Red After Snacking Where They Shouldn’t
  • Carnian Pluvial Event: It Rained For 2 Million Years — And It Changed Planet Earth Forever
  • There’s Volcanic Unrest At The Campi Flegrei Caldera – Here’s What We Know
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version