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Louis Hachette Group

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Louis Hachette Group
Founded29 October 2024 Edit this on Wikidata

Louis Hachette Group, 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.

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.).

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.

History

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.

On 29 October 2024, the new Louis Hachette Group was created. 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

Activities

The future activities of Louis Hachette Group will be carried out by two main entities:

Shareholders

At 10 December 2024, after the partial demerger of Vivendi:

Famille Bolloré (Bolloré, Compagnie de l'Odet, Vincent Bolloré, Cyrille Bolloré et Sébastien Bolloré) 31.04 %
Vivendi 0.02 %

References

  1. "Le groupe Bolloré veut créer Louis Hachette Group, une holding pour ses activités d'édition". Livres Hebdo (in French). Retrieved 2024-10-31.
  2. "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 2024-10-31.
  3. Milliot |, Jim. "RELX Remained the World's Largest Publisher in 2020". PublishersWeekly.com. Retrieved 2024-10-31.
  4. Mollier, Jean-Yves (1999). Louis Hachette, 1800-1864 : le fondateur d'un empire. Paris: Fayard. p. 130-135. ISBN 2-213-60279-4.
  5. "Vivendi envisage finalement une scission en quatre entités". Les Echos (in French). 2024-01-30. Retrieved 2024-06-25.
  6. AGEFI. "Vivendi détaille son projet de scission avant l'assemblée générale du 9 décembre". lesechos.fr (in French). {{cite web}}: Invalid |url-access=libre (help)
  7. Zonebourse (2024-10-30). "Vivendi : Avis de scission partielle Vivendi – Louis Hachette Group - Zonebourse". www.zonebourse.com (in French). Retrieved 2024-10-31.
  8. Louis Hachette Group (7 novembre 2024). "Information Document - Admission to listing and trading of all ordinary shares on Euronext Growth (Paris)" (pdf). louishachettegroup.com. Retrieved 10 décembre 2024. {{cite web}}: Check date values in: |access-date= and |date= (help); Invalid |url-access=libre (help)

See also

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