BARRIÈRE CHANGES ITS GOVERNANCE AND SHAREHOLDER STRUCTURE, WITH THE FOURTH GENERATION TAKING OVER THE LEADERSHIP OF THE GROUP, WHICH BOUGHT OUT FIMALAC'S STAKE
The Groupe Lucien Barrière is once again 100% family-run as it is now entirely owned by Joy Desseigne-Barrière and Alexandre Barrière. |
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BARRIÈRE CHANGES ITS GOVERNANCE AND SHAREHOLDER STRUCTURE, WITH THE FOURTH GENERATION TAKING OVER THE LEADERSHIP OF THE GROUP, WHICH BOUGHT OUT FIMALAC'S STAKE
The Groupe Lucien Barrière is once again 100% family-run as it is now entirely owned by Joy Desseigne-Barrière and Alexandre Barrière. |
Category: Worldwide - Careers
- Appointments
This is a press release selected by our editorial committee and published online for free on 2023-08-01
Barrière, the French, family-owned group with over 100 years of history, begins a new chapter, following the appointments of Alexandre Barrière and Joy Desseigne-Barrière as Chairs of the Group.
Together, they represent the fourth generation of entrepreneurs at the helm of the Group, since its creation by François André in 1912.
The new Co-Chair governance is buying out the shares owned by Fimalac since 2011, and shares the ambition of developing and diversifying the Group’s activities, upholding the values which made its strength for more than a century now.
"We are aware of our responsibilities and intend to assume them. We will do everything which is necessary to be worthy of the three generations that preceded us, and to make our 7,000 colleagues even prouder to work for Barrière, this French century-old family-owned group. It is what decided us to proceed to the buyout of the shares owned by Fimalac", commented Joy Desseigne-Barrière and Alexandre Barrière.
Barrière: a 100% family-owned group
This new governance structure is supported by a change in the company's shareholding, with the buyout of the 40% interest owned by Fimalac since 2011 in the Groupe Lucien Barrière (GLB).
As of today, Alexandre Barrière and Joy Desseigne-Barrière own the entire share capital of Groupe Lucien Barrière (GLB).
In addition, the buy-out agreement of the 10% shares of the capital of Société Fermière du Casino Municipal de Cannes (SFCMC), owned by Fimalac until now, which was approved and announced on June 28th 2023, was signed on July 21st 2023.
On this occasion, Joy Desseigne-Barrière and Alexandre Barrière would like to take this opportunity to express their warmest thanks to Marc Ladreit de Lacharriere (Fimalac) who has been unfailingly involved in the Group’s development, supporting its growth over the last ten years, and playing a decisive role in enabling Barrière’s fourth generation to write this new chapter of the family history.
Joy Desseigne-Barrière and Alexandre Barrière would also like to express their sincere gratitude to Nicolas Sarkozy, Member of the Board until 2023, whose commitment to the Group and unwavering support for the Barrière family have guaranteed stability and success.
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