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fashion-memopad

Lagardère Group Fell 41 Percent in First Half

Separately, Arnaud Lagardère plans to lodge a criminal complaint on the charge of slander against French daily newspaper La Tribune.

fashion-memopad/news

MEDIA FRENZY: Arnaud Lagardère said Wednesday he plans to lodge a criminal complaint on the charge of slander against French daily newspaper La Tribune. The 50-year-old chief executive officer of the Lagardère publishing empire, which includes magazine titles like Elle and Paris Match, is taking La Tribune to court for an article published on July 25 under the headline: “Arnaud dirige-t-il encore Lagardère?” or “Is Arnaud Still Running Lagardère?” The French business titan has been in the media spotlight after a video shot by magazine Le Soir of him canoodling with his model girlfriend was released on YouTube. It has attracted in excess of 1 million views. Separately on Wednesday, the Lagardère group reported net profits, excluding its EADS aerospace arm, fell 41 percent to 57 million euros, or $80 million, in first half as revenues inched up 0.2 percent to 3.72 billion euros, or $5.22 billion. A spokesperson from La Tribune could not be reached for comment.

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