Only ten days after the launch of the Vivendi group's takeover bid for the entire capital of Lagardère, the good news finally arrives for the latter.
After two years of severe crisis, the Lagardère group is smiling again.
But too late.
Because during the trough, faced with a double crisis of income and shareholders, he abdicated his independence and is preparing to join the group of Vincent Bolloré.
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In the first quarter of 2022, airports and train stations reopened around the world and passenger traffic resumed, except in China, where the resurgence of the Covid pandemic led to new travel restrictions in some major cities.
This return to almost normal has produced a considerable leverage effect on the economic activity of the Travel Retail subsidiary of the Lagardère group.
The latter operates many stores in transport locations.
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