Main changes in the scope of consolidation 2023
The main changes in the scope of consolidation in 2023 were as follows:
Lagardère Publishing
- First-time consolidation of Welbeck Publishing Group in January 2023, acquired and wholly owned by Hachette UK, which specialises in fiction, illustrated non-fiction and children’s gift books.
Lagardère Travel Retail
- Acquisition in February 2023 by Lagardère Travel Retail SAS of a 100% stake in the Marché International group, based in Switzerland. Marché is a well-established international catering company and foodservice provider operating in travel hubs and leisure locations including airports, railway and motorway service stations, zoos and urban shopping centres. The Group comprises nine legal entities with points of sale mainly in Germany, as well as in Austria, Croatia, Czech Republic, Singapore and Slovenia.
- Acquisition in February 2023 of a 100% stake in Costa Coffee in Poland and Latvia by Lagardère Travel Retail Polska and Lagardère Travel Retail SAS. These entities operate 142 Costa Coffee stores. Further to this acquisition, Lagardère Travel Retail has become the chain’s master franchise partner in these countries.
- Acquisition in November 2023 by HDS Retail North America LLC of a 100% stake in Tastes on the Fly, a highly regarded North AmericanFoodservice operator. Following this integration, Lagardère Travel Retail’s North American division strengthens its position as the second-largest player in the North American Travel Retail industry.