Alexandre Barrière, 36, is the son of current CEO Dominique Desseigne, who will be named honorary president of the French casino group.
By LL with AFP
© MYCHELE DANIAU / AFP
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Lhe group of French casinos and luxury hotel player Lucien Barrière is rejuvenating its governance. In a press release, the group, which celebrated its 110th anniversary last year, announces the imminent arrival at its head of Alexandre Barrière, 36 years old and son of the current CEO, Dominique Desseigne.
Alexandre Barrière will be appointed Chairman of the Société de participation deauvillaise (SPD), the family holding company which holds 60% in Groupe Lucien Barrière (GLB) and “together with the family, a 60.51% stake in the capital of Société fermière du municipal casino of Cannes (SFCMC) “and” is intended to hold all the family participations”, specifies the text.
“The family has agreed on an evolution of the governance of the group and the methods of holding its participations”, underlines the press release, formalizing a succession which had been the subject of press articles for several weeks.
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1.3 billion euros in turnover
For her part, the daughter of Dominique Desseigne and sister of Alexandre, Joy Desseigne-Barrière, aged 32, will be appointed chairman of the board of directors of SFCMC and the Société immobilière et d’exploitation de l’hôtel. Majestic (SIEHM), an appointment which “will be subject to the approval of their boards of directors”, specifies the press release.
Current CEO, Dominique Desseigne will be named honorary chairman of the group, which has 32 casinos and a gaming club, 19 luxury hotels (such as the Normandy in Deauville or the Hermitage in La Baule) and more than 140 restaurants (including 12 Fouquet’s brasseries in Abu Dhabi, La Baule, Cannes, Courchevel, Dubai in 2023), 3 golf courses and employs some 6,500 people, including seasonal workers. In 2022, the group’s turnover reached 1.3 billion euros, according to the press release.
“A general management will accompany this new organization”, further indicates the press release, specifying that “in addition, discussions are being finalized concerning the exit of the Fimalac group from the capital of GLB and SFCMC in favor of (the family holding company) SPD”. .
Fimalac, the holding company of Marc Ladreit de Lacharrière, which had replaced Accor in the capital, currently holds 40% of the capital of the Lucien Barrière group.