Bernard Arnault’s family group, Groupe Arnault, and LC&M, Arnaud Lagardere’s holding company, today announced a partnership that will see Arnault’s family group buying around 25% of the share capital of LC&M. This is likely to reduce the seemingly persistent financial difficulties of Arnaud Lagardère (his 7.26% stake in Largardère SCA is used as collateral for personal loans) while Bernard Arnault might well be potentially interested in the Travel Retai
25 May 2020
Another round in the ongoing battle around Lagardère
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Another round in the ongoing battle around Lagardère
Lagardere SA (MMB:PAR) | 0 0 0.8% | Mkt Cap: 3,246m
- Published:
25 May 2020 -
Author:
Véronique Cabioc'h -
Pages:
3
Bernard Arnault’s family group, Groupe Arnault, and LC&M, Arnaud Lagardere’s holding company, today announced a partnership that will see Arnault’s family group buying around 25% of the share capital of LC&M. This is likely to reduce the seemingly persistent financial difficulties of Arnaud Lagardère (his 7.26% stake in Largardère SCA is used as collateral for personal loans) while Bernard Arnault might well be potentially interested in the Travel Retai