Lagardère welcomes Lagardère Travel Retail’s success in winning the tender to operate Duty Free & Fashion stores in Paris airports

LAGARDERE SA announces that it has entrusted EXANE with the implementation of a liquidity contract in order to enhance the liquidity of transactions and the regularity of the quotations of its shares admitted to trading on Euronext Paris (ISIN: FR0000130213 – Mnemonic: MMB) (the “Liquidity Contract”).

The Liquidity Contract, which complies with the provisions set out in the legal framework in force, in particular Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse as amended, Articles L. 225-209 et seq. of the French Commercial Code, AMF Decision No. 2021-01 of June 22, 2021 and the standard contract of the French Financial Markets Association (AMAFI) of November 17, 2021, will be implemented as of October 1st, 2022 for an initial period of three (3) months ending on December 31, 2022, renewable by tacit agreement for successive periods of twelve (12) months, on [...]

Lagardère Travel Retail today announces it has entered into an agreement to acquire Marché, the multi-brand international catering company. With this transaction, Lagardère Travel Retail considerably strengthens its network of Foodservice operations and confirms its long-standing strategic ambition to grow across all segments of activities in Travel Retail and Dining to holistically cover landlord and traveler needs. It also reinforces its portfolio of internal brands, Marché being a long-standing and highly recognized brand globally.

Lagardère Travel Retail and Marché today have signed an agreement whereby Lagardère Travel Retail will acquire 100% of the shares in Marché International AG, the holding company of the Marché group, headquartered in Switzerland. As a result of the transaction, which is expected to complete by Q1 2023, Lagardère Travel Retail will take over the restaurant network of Marché in six countries: Germany, Austria, Croatia, Slovenia, the Czech Republic and Singapore.

Marché is a well-established international food services [...]

This year marks an historic milestone for Lagardère Travel Retail, as the group celebrates 170 years of service to travelers. From the very first bookstore Louis Hachette opened in Paris Gare de Lyon in 1852 to the global company it is today, with roots in over 40 markets and a long-standing expertise of operating retail, convenience and F&B, we have a rich history built on strong partnerships, values, and people’s excellence.  

Lagardère Travel Retail has been pioneering Travel Retail for 170 years. Starting with a small bookstore opened in 1852 in Paris Gare de Lyon, by Louis Hachette, the group now operates nearly 5,000 Retail, Convenience and F&B outlets in over 40 markets.

Our 20,000 colleagues are dedicated to designing bespoke partnerships and holistic passenger experiences. We have thrived on our very unique culture of empowering local teams. This organizational model gives us access to an in-depth understanding of local markets [...]

The nomination of Catherine Guyomard, an experienced international human resources leader with a track record of developing world-class HR programs at top retail firms is testament to Lagardère Travel Retail’s focus on People, Engagement and on Culture, some of the Group’s strategic priorities. In her role, Catherine will be supporting Lagardère Travel Retail’s global and local leadership teams in attracting, retaining and developing talents. She will also focus on further developing the company’s culture and creating a work environment where everyone can thrive and reach their potential.

Catherine’s career spans roles across all aspects of talents management at Crown Holding, Heineken France, Sephora and LVMH. At Sephora, she was responsible for pay and benefits in EMEA, before becoming International HR Director for the group across the region. Her international career moved her to Hong Kong where she has been responsible for leading the HR strategy of LVMH Fashion’s Division across Asia-Pacific [...]

Sharp 38.6% growth in Lagardère group revenue and high level of recurring EBIT, at €107 million (versus €3 million in first-half 2021)

Good performance for Lagardère Publishing: revenue virtually stable (down 1.0%1) against a record-beating prior-year performance and in a fast-changing macroeconomic environment

Strong recovery at Lagardère Travel Retail (up 97.2%), driven by its EMEA and North America operations

Corporate cost reduction target maintained

Full-year 2022 guidance maintained

Key figures

In the first half of 2022, Group revenue totalled €3,027 million, up 38.6% on a like-for-like basis.

Group recurring EBIT in the first half of the year totalled €107 million, up sharply by €104 million compared to recurring EBIT of €3 million in first-half 2021.Lagardère Publishing recorded recurring EBIT of €81 million (€110 million in first-half 2021), and Lagardère Travel Retail reported recurring EBIT of €26 million (versus a negative €96 million in first-half 2021).

The Group reported profit before finance costs and tax of €32 million in [...]

Groupe ADP has launched a public consultation on its Duty Free & Retail activities for Paris-Charles de Gaulle and Paris-Orly airports. Lagardère Travel Retail has been chosen to become the Groupe ADP’s co-partner in Extime Duty Free Paris, as part of the roll-out of the Extime hospitality and retail brand.

Extime Duty Free Paris will operate around 140 beauty, gourmet, technical and fashion outlets. It will be 51% owned by the ADP Group and 49% by Lagardère Travel Retail, subject to the approval of the relevant competition authorities.

“Airports are places where people live, and our passengers want to be able to relax, enjoy themselves, shop and find the best of Paris and France in terms of shops and services once they have passed through check-in and security checks. Extime Duty Free Paris, an expert in travel retail, will bring the Groupe ADP’s new hospitality brand, Extime, to Paris to offer our passengers a [...]

On 10 March 2023, the Board of Directors of Lagardère SA unanimously confirmed the advisability of implementing the plan to make the Group’s radio division (Europe 1, Europe 2 and RFM) autonomous, through a reorganization of its ownership and governance.

As previously announced, the radio division would be consolidated under a holding company that would adopt the form of a limited partnership with shares, whose limited partners would be Lagardère group companies, and of which Mr. Arnaud Lagardère would be indirectly the General Partner and personally the Managing Partner. In this dual capacity, Mr. Arnaud Lagardère would be solely responsible for supervising the managers and teams of the radio division and would be the ultimate decision-maker on editorial policy. Ms. Constance Benqué would be appointed Chief Executive Officer of the limited partnership and would report to Mr. Arnaud Lagardère in her functions.

The autonomy of the radio division is in line with [...]

Articles L 233-8 II of the French Commercial Code and 223-16 of the General Regulations of the French financial markets authority (A.M.F)

DateNumber of capital stock sharesNumber of exercisablevoting rights(i) (iii)Number of theoreticalvoting rights(ii)February 28, 2023141,133,286167,762,627168,218,311

(i) After deduction of the shares without voting rights (treasury shares and liquidity contract), it being specified that the shares referred to in (iii) below are not included in this count. The number of exercisable voting rights is used to calculate the crossing of statutory thresholds ;(ii) In accordance with Article 223-11 of the AMF’s General Regulations, the number of theorical voting rights is calculated on the basis of all shares to which voting right are attached, including shares without voting rights (treasury shares). The number of theoretical voting rights is used to calculate the crossing of legal thresholds ;(iii) In accordance with applicable rules on the control of concentrations, Vivendi SE will not exercise the [...]

Lagardère Travel Retail today announces the appointment of Arnaud Rolland as Vice-President, CSR to lead the Group’s overall Sustainability strategy. This announcement takes place at a pivotal moment when the company is on track to achieve its contribution to global carbon neutrality by the end of the year, as part of its CSR PEPS (Planet. Ethics. People. Social.)

Photo Frank Camuzat

An experienced CSR leader, Arnaud Rolland has 28 years of expertise in the Consumer Industry, including 22 years at Coca-Cola Europacific Partners (CCEP), the leading global bottler of The Coca-Cola Company.

After a first experience in the retail sector at Carrefour group, Arnaud joined Coca-Cola to work in category management and commercial negotiation with the retail sector, before taking over the management of CCEP’s CSR strategy in France in 2008. In this role, Arnaud has been in charge of all issues related to the circular economy of packaging, CSR partnerships with mass [...]

Lagardère Travel Retail and British coffee shop chain Costa Coffee, a Coca-Cola owned company, announce that their long-term partnership has further developed with the transfer of control of the brand’s 142 stores in Poland and Latvia to Lagardère Travel Retail, as master franchisee. This confirms Lagardère Travel Retail’s strategic ambition to become a global leader in Foodservice and to cover travelers’ needs holistically.

The transfer of control of Costa Coffee’s network of stores in Poland and Latvia to Lagardère Travel Retail is an important milestone in their strategic partnership and a key development as part of the companies’ respective growth roadmaps in Europe. It is also testament to Costa Coffee’s confidence in Lagardère Travel Retail’s operational excellence and ability to further strengthen Costa Coffee as the most important branded coffee brand in Poland.  Although it will be the first time Lagardère Travel Retail directly operates Costa Coffee stores in Poland, both [...]