| Lagardère SCA |
 |
| Type |
Public (Euronext: MMB) |
| Founded |
1996 |
| Headquarters |
Paris, France |
| Key people |
Arnaud Lagardère (General partner and CEO), Raymond Lévy (Chairman of the board) |
| Industry |
Conglomerate |
| Products |
Books, magazines, radio stations, audiovisual production, sports broadcasting rights, retail outlets, advertising sales, holding in EADS |
| Revenue |
€8.582 billion (2007)[1] |
| Operating income |
▲ €636 million (2007)[1] |
| Profit |
▲ €534 million (2007)[1] |
| Employees |
27,600 (2007)[1] |
| Subsidiaries |
Lagardère Media, Lagardère Active, Lagardère Services, Lagardère Sports |
| Website |
www.lagardere.com |
Lagardère SCA (Euronext: MMB) is a French conglomerate formerly known as Matra, with holdings in publishing, retail, media, and aerospace. The firm is a société en commandite par actions or limited partnership.
History
Lagardère was incorporated on September 24 1980 as a holding company.
Matra was privatized in 1988, with Lagardère holding 6% of the stock and by 1992, 25%. In December 1992 the group was radically restructured:
- Lagardère absorbed Arjil, its parent company;
- Lagardère received shares in Matra (from Floirat, Daimler Benz and GEC) and the holding group of Hachette, Marlis (from Floirat, Crédit Lyonnais and Aberly);
- Matra and Hachette were merged to form Matra Hachette, of which Lagardère held 37.6%;
- Lagardère's legal status was changed from a corporation (société anonyme or SA) to a limited partnership with shares (société en commandite par actions or SCA).
Following a share swap in 1994 Lagardère held 93.3% of Matra Hachette’s stock. In 1996 Matra Hachette was formally merged into Lagardère.
In 1999 the defence arm, Matra Hautes Technologies, merged with Aérospatiale to form Aérospatiale-Matra. On July 10, 2000 Aérospatiale-Matra became part of EADS.
On 23 October 2002 Lagardère announced the purchase of Vivendi Universal Publishing, with the exception of Houghton Mifflin.
Organization
- Media
- High Technologies
- EADS (15.1%, to be reduced to 7.5% in 2009)[2] held through wholly-owned subsidiary Désirade, which in turn holds 50% of SOGEADE.
Management
See also
References
- ^ a b c d "Annual Report 2007". Lagardère. Retrieved on 2008-07-13.
- ^ "2 top firms cut stakes in EADS", International Herald Tribune (5 April 2006). Retrieved on 2008-07-13.
External links
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