The Lagardère group has a long-standing culture of entrepreneurship and innovation that remains strong. Innovation is not just digital (creation of content or concepts, new organisational structures and business models etc.), but the uses offered by digital technology provide opportunities to invent new services. Innovation is central to strategy reviews at the Group level and at the level of its business lines, and has seen a number of developments in order to boost organic growth and existing projects, and generate new sources of revenues for the Group.
Le Lab, Lagardère's new innovation hub
Le Lab aims to come up with new initiatives to strengthen the Group's approach in terms of innovation and support its growth strategy. Three targets have been set: capitalising on external innovations, promoting innovation within the Group and exploring breakthrough ideas.
The structure of Le Lab will be small in size and therefore flexible, consisting of 10 or so employees primarily with technical or finance backgrounds. Le Lab will also work in close collaboration with initiatives by the Group's four divisions.
In 2014, Lagardère invested in Magma Venture Partners, a venture capital fund specialising in digital technology based in Tel Aviv (Israel).
Israel is the fastest-growing country in terms of breakthrough innovation, just behind the United States. Over the last 20 years, a number of leading innovative companies have emerged in Israel in areas such as mobile telecoms, social media, digital advertising platforms and even security.
This relates to the dynamism of local entrepreneurs, the presence of numerous R&D centres set up by multinationals, and a structured network for finance innovation.
With this investment, alongside other financial investors, Lagardère has established a true partnership with Magma Venture Partners, who will provide their experience as a digital investor while benefiting from the expertise of the Group's four divisions.
Arnaud Lagardère Editorial"2014 marked a decisive stage in the life of our Group. Our transformation plan continued to yield promising results and a robust financial position ..."
The group's activities
The Lagardère group is a global leader in content production and distribution whose powerful brands leverage its virtual and physical networks to attract and enjoy qualified audiences.
The Group's business model relies on creating a lasting and exclusive relationship between the content it offers and its customers.
It is structured around four business lines.
Sustainable DevelopmentSustainable development is a shared responsibility within the Lagardère group.