Lagardère enters into exclusive negotiations with Czech Media Invest for the sale of its magazine publishing titles in France
19. 4. 2018
The Lagardère group announces that it has entered into exclusive negotiations with Czech Media Invest in order to sell its magazine titles in France, including Elle and its various extensions including online presence of Elle France, Version Femina, Art & Décoration, Télé 7 Jours and its various extensions, France Dimanche, Ici Paris and Public.
The News unit (including Europe 1, Paris Match, and Le Journal du Dimanche), as well as the Elle brand together with all of its international licenses, are outside of the scope of this transaction. For Czech Media Invest, a major media player in the Czech Republic, these acquisitions will further support its growth strategy by adding iconic brands with proven profitability to the portfolio. Czech Media Invest is making France a key pillar of its strategy.
The transaction is expected to be signed in the coming weeks, and remains subject in particular to consultations with Lagardère Active’s employee representative bodies as well as to clearance from competition authorities, if appropriate.