Lagardère Group
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| Type | Public (Euronext: MMB) |
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| Founded | 1996 |
| Headquarters | Paris, France |
| Key people | Arnaud Lagardère (General partner and CEO), Raymond Lévy (Chairman of the board) |
| Industry | Conglomerate |
| Products | Books, magazines, radio stations, audiovisual production, sports broadcasting rights, retail outlets, advertising sales, holding in EADS |
| Revenue | €8.214 billion (2008)[1] |
| Operating income | ▲ €647 million (2008)[1] |
| Profit | ▲ €593 million (2008)[1] |
| Employees | 29,890 (2008)[1] |
| Subsidiaries | Lagardère Active, Lagardère Services, Lagardère Publishing, Lagardère Sports, EADS |
| Website | www.lagardere.com |
Lagardère SCA (Euronext: MMB) is a French conglomerate formerly known as Matra, with holdings in publishing, retail, media, and aerospace. The firm is a société en commandite par actions or limited partnership.
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[edit] History
Lagardère was incorporated on 24 September 1980 as a holding company.
Matra was privatized in 1988, with Lagardère holding 6% of the stock and by 1992, 25%. In December 1992 the group was radically restructured:
- Lagardère absorbed Arjil, its parent company;
- Lagardère received shares in Matra (from Floirat, Daimler Benz and GEC) and the holding group of Hachette, Marlis (from Floirat, Crédit Lyonnais and Aberly);
- Matra and Hachette were merged to form Matra Hachette, of which Lagardère held 37.6%;
- Lagardère's legal status was changed from a corporation (société anonyme or SA) to a limited partnership with shares (société en commandite par actions or SCA).
Following a share swap in 1994 Lagardère held 93.3% of Matra Hachette’s stock. In 1996 Matra Hachette was formally merged into Lagardère.
In 1999, the defence arm, Matra Hautes Technologies, merged with Aérospatiale to form Aérospatiale-Matra. On July 10, 2000 Aérospatiale-Matra became part of EADS.
On 23 October 2002, Lagardère announced the purchase of Vivendi Universal Publishing, with the exception of Houghton Mifflin.
[edit] Organization
- Lagardère Active
- CanalSat (34%)
- Lagardère Publishing
- Hachette Filipacchi Médias (the world's largest magazine publisher)
- Hachette Livre
- Hachette Book Group USA
- Little Brown Book Group
- Lagardère Sports
- EADS (15.1%, to be reduced to 7.5% in 2009)[2] held through wholly-owned subsidiary Désirade, which in turn holds 50% of SOGEADE.
[edit] Management
- Jean-Luc Lagardère, former CEO, now deceased
- Arnaud Lagardère, his son, current CEO
[edit] See also
[edit] References
- ^ a b c d "Annual Report 2008" (in French) (PDF). Lagardère. http://www.lagardere.com/fichiers/fckeditor/File/actionnaires%20individuels/assemblee_generale/2009/DocRefLagardere_2008_fr.pdf. Retrieved 2009-04-13.
- ^ "2 top firms cut stakes in EADS". International Herald Tribune. 5 April 2006. http://www.iht.com/articles/2006/04/05/business/eads.php. Retrieved 2008-07-13.
[edit] External links
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