A possible agreement between Marie-Claire and HFM
Archives Lagardère Active, Corporate & other activities
Paris, February 8, 2001
Evelyne Prouvost, Marie-Laure Prouvost
and the Lagardère Group would like to announce their plans for an agreement between the Marie-Claire Group and Hachette Filipacchi Médias and their intention to propose to l’Oréal the purchase of its entire interest in the Marie-Claire Group.
According to the terms of this agreement, and subject to its acceptance by l’Oréal, Hachette Filipacchi Médias would acquire a 42% interest in all of Marie-Claire Group’s businesses, which would be consolidated in one company.
The remaining 58% would be held by Marie-Laure Prouvost and Evelyne Prouvost and Evelyne Prouvost’s husband, Nicholas Berry, in a holding company formed specifically for that purpose. The various businesses of the Marie-Claire Group will remain completely independent from those of Hachette Filipacchi Médias.
The two groups plan, nevertheless, to the extent permitted by existing agreements, to combine their efforts in seizing available opportunities for the international development of Elle and Marie-Claire.
This historic alliance between two French magazine brands – Elle and Marie-Claire – among the most prestigious in the world of fashion and beauty – will allow the two groups, now partners, to accelerate and harmonize their growth, to the benefit of the entire luxury products sector.
This agreement will preserve the independence of the Marie-Claire Group while offering it possibilities for increased expansion.
Evelyne Prouvost and Marie-Laure Prouvost would like to use this occasion to reaffirm their confidence in all of the employees of the Marie-Claire Group and to thank them for their continued loyalty.
Press Contacts HFM :
Marie Muzard - Aurélie Olivier - Tel. 33 1 41 05 09 60 - mail : firstname.lastname@example.org
Press Contact Lagardère :
Arnaud Molinié - Tel. 33 1 40 69 20 97 - mail : email@example.com
Investor Contact Lagardère :
Alain Lemarchand - Tel. 33 1 40 69 18 02 - mail : firstname.lastname@example.org
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