Lagardere reported third quarter results for the period ending September 30 on Thursday morning, with publishing division sales of €696 million, down 1.2 percent from last year. Company-wide revenues increased 23.1 percent to €1.46 billion in the quarter, with the travel division rebounding on the easing of travel restrictions. The $240 million acquisition of Workman Publishing was completed on September 23, right before the close of the quarter. “In the context of strong market consolidation, this acquisition is set to enable Hachette Livre to significantly boost Hachette Book Group’s US footprint, strengthen its positions in Youth Works and thereby create […]
