Bolloré sides with activist fund against France’s richest man
The billionaire is opening a rift with LVMH’s Bernard Arnault by seeking representation at the board of struggling media group Lagardère
11 August 2020 - 18:38
Paris — Billionaire Vincent Bolloré is opening a rift with LVMH’s CEO Bernard Arnault by unexpectedly siding with activist fund Amber Capital over Lagardère to seek representation at the board of the struggling media group.
The move represents a new turn of events in a months-long battle triggered by Amber over Lagardère’s governance, led by the embattled group’s founder heir, Arnaud Lagardère...
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