Digital
Transformation
Festival


16 March - 24 April 2020

Our online festival is underway with a packed programme of interviews and panels. Featuring talks from the industry’s biggest brands and most innovative individuals, this event explores what digital transformation really means for marketing.

Coming Up
7 Apr 10:00 BST / 05:00 EST

Delivery Service JustEat's UK CMO Matt Bushby on feeding the nation

FEATURING

Speakers to be announced

Elle magazine set to change hands

Lagardere, the French media group, has put its international magazine division up for sale in order to focus upon its domestic market.

It is the world’s largest magazine publisher, producing 212 titles in 45 countries, but posted a loss of 389m euros in 2009 and is forecasting a 5% dip in sales this year.

Lagardere’s international division, which publishes Elle and Red amongst others, is thought to be worth around 500m euros but it is likely to be split up rather than sold as a single unit.

Hearst and Bauer are rumoured to be amongst the bidders for the division, although Lagardere have stated they intend to retain editorial control of Elle, suggesting it will be published under license.

Lagardere initiated the sale in order to “refocus” on the French market where the group enjoys a critical mass.

Join us, it's free.

Become a member to get access to:

  • Exclusive Content
  • Daily and specialised newsletters
  • Research and analysis

Join us, it’s free.

Want to read this article and others just like it? All you need to do is become a member of The Drum. Basic membership is quick, free and you will be able to receive daily news updates.