NO TALKS: Lagardère Active, the parent company of U.S.-based Hachette Fillipacchi Media, swatted down a report Wednesday that it was in talks with Hearst Magazines about taking over the U.S. operations of Hachette’s fashion title Elle. “Following an article published today in the New York Post, Lagardère Active, HFM U.S. parent company, formally denies being in negotiation with Hearst Corp. Group. There are no ongoing talks on a joint venture or licensing agreement with Hearst Corp. Group regarding Elle magazine in the U.S.,” Lagadère said. A Hearst spokeswoman declined additional comment. Elle launched in the U.S. in 1985 as a joint partnership between Hachette and Rupert Murdoch’s News Corp. In 1988, News Corp. sold its interests in both the U.S. and British editions of Elle for a reported $160 million to Hachette.
— Stephanie D. Smith
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fashion-memopad
July 30, 2009
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Lagardère Active, parent company of Hachette Fillipacchi, denied that it was in talks to take over Elle.
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