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| Company type | Société anonyme |
|---|---|
| Industry | Publishing |
| Founded | 1992; 33 years ago (1992) |
| Headquarters | , France |
Key people | Antoine Gallimard |
| Website | gallimard.fr/Le-groupe-Madrigall |
Groupe Madrigall[a] is a Frenchpublishingholding company. It is the parent company of several publishing houses and distribution companies including:Éditions Gallimard,Flammarion andCasterman.[2] Groupe Madrigall is the third largest French publishing group.[3]
Groupe Madrigall[4] is aholding company founded in 1992.[5] It is controlled byAntoine Gallimard, director ofÉditions Gallimard, and his sisterIsabelle Gallimard, director ofMercure de France. Groupe Madrigall took over a majority share in Éditions Gallimard in the late 1990s. At the end of the 1990s, the Gallimard family repurchased shares from two of the company's three main corporate shareholders, namely the Italian publisherEinaudi (then owned by the holding company ofSilvio Berlusconi,Fininvest viaArnoldo Mondadori Editore) and the French media agencyHavas. Havas was forced to sell its shares after it was ruled that Havas's merger withVivendi rendered it a direct competitor. As a result, Madrigall had a 60 percent majority holding in Éditions Gallimard. In January 2003, Madrigall repurchased the Gallimard holdings of five other outside shareholders for€92,000,000. As a result, Madrigall had a 98 percent majority holding.[6]
In September 2012, Madrigall acquiredGroupe Flammarion, previously owned by the ItalianRCS MediaGroup, for€251,000,000.[7]
In October 2013, the French conglomerateLVMH acquired a stake of up to 9.5% in Groupe Madrigall to the tune of€30,000,000, in particular to pay off Groupe Madrigall's debt after the purchase of Flammarion in 2012.[8]
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