• 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Your email address will not be published.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

  • Impact That Made Meteor Crater May Have Triggered Giant Grand Canyon Landslide
  • Get Ready, Skywatchers: A “Dazzling” Total Lunar Eclipse Is Coming In 2025
  • How A Man Won The Lottery 14 Times Using Unbelievably Basic Math
  • What Are The Amazon’s “Flying Rivers”? And Why Every Single One Of Us Relies On Them
  • Curious New Microbe With Tiny Genome Toes The Line Between Cell And Virus
  • We’ve Just Found Out Where The World’s Longest-Living Vertebrate Has Its Babies
  • For The First Time, An Animal Has Been Shown Responding To Plant-Produced Sounds
  • Deep Ocean Currents Have “Weather” And Seasonal Changes That We’re Only Just Learning About
  • Stratus: What Are The Symptoms Of The Latest COVID-19 Subvariant To Spread Around The World?
  • In 1927, Henry Ford Tried To Build A Town In The Amazon And Things Went Very, Very Badly
  • Human Botfly: Say Hello To The Parasite That Would Love To Get Under Your Skin
  • Is The Weather Making Your Headache Worse?
  • “Zoning Out” Actually Helps You Learn? Data From Up To 90,000 Brain Cells Says So
  • Over Past 250,000 Years, Three Major Waves Of Human-Neanderthal Interbreeding Have Been Identified
  • Zebrafish “Catch” Yawns Just Like Us – We Might Need To Rethink Evolution To Account For That
  • 80,000-Year-Old Neanderthal Footprints Reveal How Children Hunted On Beaches
  • 5 Animals That Have Absolutely No Business Jumping (In Our Very Humble, Definitely Unbiased Opinion)
  • Polar Vortex Patterns Explain Winter Cold Snaps Against Background Warming Trend
  • Scientists Tracked An Olm For 2,569 Days And It Did Not Move An Inch
  • Look Out For “Fireballs”: The Best Meteor Shower Of 2025 Is About To Commence, According To NASA
  • 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