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Justice: Arnaud Lagardère indicted for “abuse of corporate assets”
Justice: Arnaud Lagardère indicted for “abuse of corporate assets”
(Franceinfo)
Tuesday April 30, Arnaud Lagardère had to relinquish his position as CEO of the family group following his indictment for misuse of corporate assets. From its various failures to the sale of JDD to the Bolloré group, chronicle of a predicted fall.
In July 2023, the Journal du Dimanche is largely absent from newsstands. Almost the entire editorial staff is on strike, while Vincent Bolloré is in the process of buying the weekly from the Lagardère group. The social conflict lasts six weeks and ends with a massive wave of departures. The twilight of what was a media and industrial empire founded by the father, Jean-Luc Lagardère, and passed into the hands of the son, Arnaud, in 2003. On March 14, 2003, Jean-Luc Lagardère died suddenly. His son is propelled to the head of the group with an ambivalent relationship to his father’s legacy.
Arnaud Lagardère indicted
In the decade that followed, the heir tried to make a name for himself, gave up aeronautics and suffered a failure in sport. Debts and financial difficulties multiply. At the end of 2023, the dismantling of the father’s empire is complete. Vincent Bolloré’s Vivendi group takes control, but Arnaud Lagardère officially remains director of the group. A position which he was forced to relinquish on Tuesday April 30, following his indictment for misuse of corporate assets.
