• 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Your email address will not be published.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

  • New Study Finds Evidence For What Every Parent Knows About Bluey
  • New Breakthrough Takes Plastic Garbage And Turns It Into Tool For Carbon Capture
  • NASA To Hold Press Conference About New Perseverance Rover Discovery Tomorrow
  • Strange Halos Have Formed Around Barrels Of Chemicals Dumped Off LA’s Coast Over 50 Years Ago
  • As We Grow Older, Our Music Taste Appears To Narrow To Fewer Songs
  • Stinky Seaweed Blob On Florida Beaches Thwarts Baby Sea Turtles’ Dash To The Ocean
  • NASA Is Set To Lock Up Four Volunteers For 378-Day Mars Simulation Study
  • For The First Time, A Vital Oceanic Upwelling Of Nutrient-Rich Water Failed To Emerge In 2025
  • One Of The Largest Crocs Ever “Terrorized Dinosaurs” With Teeth The Size Of Bananas
  • US Congress Is Holding Another UFO Hearing Today – Watch Live
  • Yes, Flying Snakes Do Exist – Sort Of
  • Meet The Bumblebee Bat: The World’s Smallest Bat Is The Last Of Its Kind
  • Did A Giant Planet Sculpt Fomalhaut’s Stunning Ring Into Its Squashed Shape?
  • The Unfolding New Astronomical Revolution – Gravitational Waves Discovery Turns 10
  • “Truly A Reversal”: Scientists Find Protein That Causes Brain Aging, And Learn How To Stop It
  • Tiny 2.5-Micrometer Particles Of Air Pollutants Can Promote Certain Types Of Dementia
  • Ants Have Taken Over Most Of The World – Except For A Few Places
  • Naked Mole-Rats: Bizarre-Looking Mammals That Defy Our Understanding Of Cancer And Aging
  • Earth 2.0? Hints Of First Atmospheric Detection Around An Earth-Like Planet Orbiting Another Star
  • The World’s Largest Snails Keep Taking Over US Ecosystems – Will They Again?
  • 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