Arnaud Lagardère has been more frequently seen in gossip pages. Shareholder battles have put him back on the business ones
pit managers against investors at crowded annual meetings. Amid covid-19 the one between the bosses of Lagardère, an ailing conglomerate, and a few irate owners happened largely behind closed doors. On May 5th an activist hedge fund’s bid to topple the scion running the erstwhile blue chip was foiled byNot even hardened habitués of Parisian society galas can defend the track record of Arnaud Lagardère.
Mr Lagardère’s position may not be safe for long. A firm controlled by Vincent Bolloré, a French tycoon, last month took an 11% stake in the group. Mr Bolloré has a knack for coming in as a white knight before turning hostile. Mr Lagardère has won his battle against Amber. He may lose the war for control.
This article appeared in the Business section of the print edition under the headline "Reargardère action"
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