Trbusiness. The travel retail Trbusiness. The magazine for global retail and duty free professionals.Lagardère Group finalises sports and entertainment division sale to H.I.G.
By Andrew Pentol |
Total Lagardère Group revenue amounted to €7.2bn in 2019. Source: Lagardère Group Fiscal Year 2019 Annual Report.
Lagardère Group has finalised the sale of its sports and entertainment division to Miami-based private equity and alternative assets investment firm H.I.G. Capital.
The sale, which was first announced on 16 December 2019 is a signal of its intent to focus all efforts and resources on developing its Lagardère Publishing and Lagardère Travel Retail divisions.
Last year, total Lagardère Group revenue amounted to €7.2bn ($7.8bn), of which the travel retail and publishing divisions accounted for €4.3bn and €2.4bn respectively. Sales from other activities generated €288m.
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