Further to yesterday’s full-year earnings report, in a call with investors, executives at Lagardere explained that the company plans to cut costs in the publishing division, including halting its ambitious distribution revamp in France and rethinking title count, and hopes to grow through acquisitions, organic growth, and price increases. The company has decided to abandon its Polaris distribution and logistics program, which it began developing in 2021 for distribution in France, because “after two to three years of design and maturing the project we realized that it was probably too big and too expensive for what we needed,” Hachette Livre […]
