Hachette Book Group | WIKIPEDIA | MAY 26, 2017
Hachette Book Group (HBG) is a publishing company owned by Hachette Livre, the largest publishing company in France, and the third largest trade and educational publisher in the world. Hachette Livre is a wholly owned subsidiary of Lagardère Group. HBG was formed when Hachette Livre purchased the Time Warner Book Group from Time Warner on March 31, 2006. Its headquarters are located at 1290 Avenue of the Americas, Midtown Manhattan, New York City. Hachette is considered one of the big-five publishing companies, along with Holtzbrinck/Macmillan, Penguin Random House, HarperCollins, and Simon & Schuster. Each year HBG publishes around 800 adult books, 200 young adult and children’s books and 300 audio books.
Lagardère Group | WIKIPEDIA | MAY 26, 2017
Lagardère [laɡaʁdɛʁ] is a multinational media conglomerate headquartered in the 16th arrondissement of Paris. The group was created in 1992 as Matra, Hachette & Lagardère and once covered a broad range of industries. It is now largely focused on the media sector, in which it is one of the world’s leading companies. Headed by Arnaud Lagardère, the firm does business in almost 40 countries and is structured around four main business lines: its book and electronic publishing division (Lagardère Publishing) includes the major imprint Hachette Livre. The Lagardère Travel Retail unit includes store retail, largely in airports and railway stations while the Lagardère Active unit encompasses newspaper, digital media and magazine publishing (including Hachette Filipacchi Médias), radio and television broadcasting and production and advertising sales. Lagardère Sports and Entertainment engages in sports and talent management, sports academies, event management, marketing of sports broadcast rights and management of sports venues.
Lagardere’s top investor Qatar wins voting rights loyalty reward | CNBC | MAY 3, 2017
PARIS, May 3 (Reuters) – Qatar has become media group Lagardere’s top shareholder in terms of both share capital and voting rights as a result of a French law that favors long-term investors. Qatar Holding, part of the emirate’s sovereign wealth fund, said on Wednesday that its Lagardere voting rights had risen to 16.7 percent, based on a share stake of about 13 percent.
The Gulf state previously held close to 10 percent of the voting rights, while Lagardere’s chief executive Arnaud Lagadere held 7.65 percent of its capital and 11.9 percent of voting rights at end of last year, a 2016 registration document showed. Qatar, which first invested in Lagardere in 2006, has been a staunch supporter of Arnaud Lagardere whose strategy for the company founded by his father has faced criticism from some shareholders.
“The Lagardere group welcomes the trust placed in it by Qatar Holding LLC, known for being a demanding and long-term shareholder,” a spokesman for Lagardere said in an email. France’s 2014 “Florange” law, named after a closed steel plant, gives double voting rights to investors who register shares in their name and hold them for at least two years.
Qatar said in its filing to French markets watchdog AMF that it could increase its stake further, but it had no plans to gain control of the company. It also said it was considering seeking representation on Lagardere’s supervisory board and was eyeing strategic partnerships, reiterating options already laid out in previous filings. Lagardere, which will hold its annual shareholders’ meeting on Thursday, has a limited partnership structure that gives the founding family near-absolute control and responsibility, even with a minority stake.
The group reported in March a 13.5 percent increase in full-year core operating profit to 395 million euros ($431 million) on group revenue of 7.39 billion euros, up 2.5 percent on a like-for-like basis. Lagardere shares are up 7.75 percent so far this year, valuing the company at 3.7 billion euros. ($1 = 0.9168 euros) (Editing by Adrian Croft and Alexander Smith)