Louis Hachette Group
 | You can help expand this article with text translated from the corresponding article in French. (December 2024) Click [show] for important translation instructions.
|
 | |
 Headquarters of Louis Hachette Group S.A. at Rue de Presbourg, Paris | |
| Company type | Public |
|---|---|
| Euronext Paris: ALHG | |
| Industry | Publishing, Media, Travel Retail, Live Entertainment, Sports club |
| Founded | October 29, 2024 1826 (Hachette) |
| Headquarters | , France |
Key people | Arnaud Lagardère Vincent Bolloré |
| Owner | Bolloré family (31.4%) |
| Subsidiaries | Lagardère (66.53%) Prisma Media |
| Website | www.louishachettegroup.com |
Louis Hachette Group S.A., abbreviated as LHG, is a French conglomerate specialising in publishing, periodicals, media and distribution, with its origins in the Hachette bookshop founded in 1826. Louis Hachette Group is controlled by French businessman Vincent Bolloré.[1]
Formed from the spin-off of Vivendi in December 2024, the new independent entity holds nearly 66.5 percent of the Lagardère group (Hachette Livre, Larousse, Fayard, Relay, Le Le Journal du dimanche, Europe 1, etc.) as well as 100% of the French press group Prisma Media (Voici, Femme Actuelle, Geo (France), Télé-Loisirs, Capital, etc.).[2]
France's leading publisher since 2004 and the world's 6th largest publishing group, Louis Hachette Group has its origins in the Hachette publishing group, founded by Louis Hachette in 1826 after the purchase of the Parisian bookshop Brédif.[3][4]
History
[edit]In December 2023, Vivendi announced that it was carrying out a feasibility study into a plan to split its activities into 4 entities: Canal+, Havas, a publishing and distribution company (combining Lagardère and Prisma Media), and an investment company.[5]
On 29 October 2024, the new Louis Hachette Group was created as a publishing and distribution company, leaving Vivendi as an investment company. On 30 October 2024, Vivendi and the new Louis Hachette Group entity entered into a partial demerger agreement, enabling LHG to hold a 66.53% stake in Lagardère and a 100% stake in Prisma Media in the event of a favourable vote by Vivendi shareholders.[6][7]
The company started trading at Euronext Paris on 16 December 2024, the shares were trading at 1.42 euros on that day, up 18% on the opening price.[8]
Activities
[edit]The future activities of Louis Hachette Group will be carried out by two main entities:
- Lagardère SA
- Lagardère Publishing
- Lagardère Travel Retail (commercial retail in airports)
- Relay
- Paradies Lagardère
- etc.
- Lagardère News (media)
- Le Journal du dimanche
- and the Elle licence
- Lagardère Radio
- Lagardère Live Entertainment (entertainment)
- Casino de Paris, Arkéa Arena, Folies Bergère and Lagardère Paris Racing.
- Prisma Media
- Femme actuelle
- Télé-Loisirs
- Prima
- Voici
- Geo (France)
- Ça m'Intéresse
- National Geographic (France)
- Neon
- Capital
- Management
- Harvard Business Review France
- Simone
Shareholders
[edit]At 10 December 2024, after the partial demerger of Vivendi:[9]
| Bolloré family (Bolloré, Compagnie de l'Odet, Vincent Bolloré, Cyrille Bolloré and Sébastien Bolloré) | 31.04 % |
| Vivendi | 0.02 % |
References
[edit]- ^ "Le groupe Bolloré veut créer Louis Hachette Group, une holding pour ses activités d'édition". Livres Hebdo (in French). Retrieved 31 October 2024.
- ^ "Le Conseil de surveillance de Vivendi arrête les résolutions de scission du groupe qui seront soumises aux actionnaires le 9 décembre 2024". live.euronext.com. Retrieved 31 October 2024.
- ^ Milliot |, Jim. "RELX Remained the World's Largest Publisher in 2020". PublishersWeekly.com. Retrieved 31 October 2024.
- ^ Mollier, Jean-Yves (1999). Louis Hachette, 1800-1864 : le fondateur d'un empire. Paris: Fayard. p. 130-135. ISBN 2-213-60279-4.
- ^ "Vivendi envisage finalement une scission en quatre entités". Les Echos (in French). 30 January 2024. Retrieved 25 June 2024.
- ^ AGEFI. "Vivendi détaille son projet de scission avant l'assemblée générale du 9 décembre". lesechos.fr (in French).
- ^ Zonebourse (30 October 2024). "Vivendi : Avis de scission partielle Vivendi – Louis Hachette Group - Zonebourse". www.zonebourse.com (in French). Retrieved 31 October 2024.
- ^ Nostro, Gianluca Lo; Marchandon, Leo; Loève, Florence (16 December 2024). Nissi, Milla (ed.). "Canal+ falls, Havas and Louis Hachette up on market debut post Vivendi split". Reuters. Retrieved 16 December 2024.
- ^ Louis Hachette Group (7 November 2024). "Information Document - Admission to listing and trading of all ordinary shares on Euronext Growth (Paris)" (pdf). louishachettegroup.com. Retrieved 10 December 2024.
