Lagardère reported its half-year results on July 26, 2018, confirming that it sold its shares in the Marie Claire group and announcing that it has reached an agreement for its other press titles, including Elle.
Against the backdrop of dicussions during March of a possible merger between Marie Claire and Mondadori, the magazine, headed by Mariainne Mairesse, has unveiled its newest iteration, with a stronger fashion slant.
Lagardère announced on Wednesday that it has begun exclusive negotiations with press firm Czech Media Invest in the hopes of selling its French magazines, including Elle, the group's iconic women's magazine.
Outgoing Conde Nast executive Xavier Romatet said he was not involved with Groupe Marie Claire or talks with industry peers to form a new entity after Groupe Marie Claire withdrew from the talks last month.
Xavier Romatet, in the process of leaving Conde Nast International, has already been negotiating with unions at Groupe Marie Claire in recent weeks on a restructuring of the French media group, sources have said.
The head of French media group Lagardere on Thursday did not rule out selling magazine brand Elle as the company looks at disposals, but dismissed the possible sale of its weekly newspaper Paris Match and radio Europe 1.