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France's leading publisher since 2004 and the world's 6th largest publishing group, Louis Hachette Group has its origins in the Hachette publishing group, founded by Louis Hachette in 1826 after the purchase of the Parisian bookshop Brédif.[5][6]
History
In December 2023, Vivendi announced that it was carrying out a feasibility study into a plan to split its activities into 4 entities: Canal+, Havas, a publishing and distribution company (combining Lagardère and Prisma Media), and an investment company.[7]
On 29 October 2024, the new Louis Hachette Group was created as a publishing and distribution company, leaving Vivendi as an investment company. On 30 October 2024, Vivendi and the new Louis Hachette Group entity entered into a partial demerger agreement, enabling LHG to hold a 66.53% stake in Lagardère and a 100% stake in Prisma Media in the event of a favourable vote by Vivendi shareholders.[8][9]
The company started trading at Euronext Paris on 16 December 2024, the shares were trading at 1.42 euros on that day, up 18% on the opening price.[10]
Activities
The future activities of Louis Hachette Group will be carried out by two main entities:
1 Louis Hachette Group (via Lagardère SA) owns these brands in the United Kingdom only. These brands are owned by Scholastic Corporation in the United States.
