- Message from Arnaud Lagardère
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Ladies and Gentlemen, dear Shareholders, Our strategy is now concentrated on two priority areas: Lagardère Publishing, our power engine, and Lagardère Travel Retail, our growth engine. These two divisions are highly complementary in terms of growth and profitability and will give the Group a more coherent profile, as regards both industry leadership and market development. Even though it has involved some painful decisions, this deep-seated transformation means that we can continue expanding our two businesses - among the leaders in their industries - thereby guaranteeing the Group's robustness and staying power. The disposals carried out as part of our strategic refocusing have given us the resources we needed to strengthen our divisions on their respective markets, with several large-scale acquisitions finalised in 2019. " THESE TWO DIVISIONS ARE HIGHLY COMPLEMENTARY IN TERMS OF GROWTH AND PROFITABILITY AND WILL GIVE THE GROUP A MORE COHERENT PROFILE" Within the context of this transformation, I would like to emphasise the importance I place on our CSR policy, which is now integral to how businesses are assessed and valued. We have identified three priorities which will continue to guide our efforts in this area: placing people at the heart of our strategy, reducing the environmental impact of our products and services, and sharing the social and cultural diversity of our businesses. Our efforts over the past few years to give our Group a renewed attractiveness and to create value for our shareholders will continue apace despite the current crisis. Our achievements would not have been possible without the unwavering commitment and talent of all of our employees, to whom I am sincerely grateful. The Covid-19 epidemic which first emerged in China at the beginning of 2020 before spreading to the rest of the world is having a significant impact on our businesses, and particularly Travel Retail. At the date of this document, it is not currently possible to foresee how this unprecedented crisis will develop going forward. Given this context, we have decided to suspend the guidance announced on 27 February 2020, and have rolled out a cost cutting plan in agreement with our customers and partners. I would like to stress that since the early days of the epidemic, the Group's primary concern has been how best to protect our employees, whose dedication and adaptability has been outstanding throughout this challenging period. For these reasons, and in order to reflect the appropriate solidarity and corporate responsibility in the current climate, the Managing Partners, in agreement with the Supervisory Board, have decided to withdraw the proposed dividend in respect of 2019. I would like to thank all of our shareholders for their loyalty and support.
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Arnaud Lagardère ![]() |




Press releases
2021/04/13
Hachette Livre announces new appointments
2021/04/06
Monthly information relating to the total number of voting rights and shares making up the share capital
The group's values
Lagardère's values and corporate culture are founded on two pillars: its rich and varied history and the commitment of the people, past and present, who represent it.The group's activities
Created in 1992, Lagardère is an international group with operations in more than 40 countries worldwide. It employs over 30,000 people and generated revenue of €7,211 million in 2019.
Under the impetus of the Group's General and Managing Partner, Arnaud Lagardère, in 2018, the Group launched a strategic refocusing around two priority divisions: Lagardère Publishing and Lagardère Travel Retail.
CSR at Lagardère
By making workforce-related, environmental and ethical issues a central part of its strategy, the Lagardère group intends to support the company's value-creation efforts along with its sustainable and inclusive growth.

