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Editis

{{EngvarB|date=November 2023}}

{{Short description|French publishing company}}

{{Use dmy dates|date=November 2023}}

{{Infobox publisher

| image = Editis-logo-vector.svg

| parent = Czech Media Invest

| status =

| founded = 2004

| founder =

| successor =

| country = France

| headquarters = Paris

| distribution =

| keypeople = José Manuel Lara (Chairman)

| publications = Books

| topics =

| genre =

| imprints =

| revenue = {{profit}}€856 million Euros (2021){{cite web|url=https://www.vivendi.com/wp-content/uploads/2022/03/20220309_VIV_PR_-2021_Vivendi-earnings.pdf |title=Vivendi - Earnings Report 2021 |page=8}}

| numemployees = 2600 (as of 2010)

| nasdaq =

| url = {{URL|http://www.editis.com}}

}}

Editis is a French group of publishing companies, subsidiary of Czech Media Invest. It is the second-largest French publishing group, after Hachette Livre.

In June 2023, after acquiring a majority stake in Hachette's parent company, the Lagardère Group, Vivendi chose to keep Hachette, while selling Editis to Czech Media Invest, which is owned by Czech billionaire Daniel Křetínský. The sale was finalised in November 2023.{{cite news | url=https://www.reuters.com/business/media-telecom/frances-vivendi-signs-deal-sell-publishing-unit-editis-2023-06-16 | title=France's Vivendi inks deal to sell Editis to Kretinsky's IMI | newspaper=Reuters | date=16 June 2023 }}{{Cite web |date=2023-11-08 |title=Edition : Catherine Lucet va prendre la direction d’Editis |url=https://www.lefigaro.fr/medias/edition-catherine-lucet-va-prendre-la-direction-d-editis-20231108 |access-date=2023-11-16 |website=Le Figaro |language=fr}}{{Cite web |date=2023-11-14 |title=Édition : Vivendi finalise la cession d’Editis à Daniel Kretinsky |url=https://www.lefigaro.fr/flash-eco/edition-vivendi-finalise-la-cession-d-editis-a-daniel-kretinsky-20231114 |access-date=2023-11-16 |website=Le Figaro |language=fr |agency=Agence France-Presse}}

History

Editis was created in January 2004 by the regrouping of approximately 60% of the publishing assets of Vivendi, the other part remaining with Lagardère Group.{{cite web|url=http://www.editis.com/content.php?lg=en&id=51 |title=Corporate Information |access-date=2010-02-15}}

Editis was, for 4 years (until May 2008), part of Wendel, a financial investment group which had acquired it from Investima10 (a financial ad hoc structure holding Vivendi Universal Publishing assets after Lagardère's purchase in 2003). Wendel purchased this group of publishers for about €400 million plus debt, and sold it to Planeta for about €960 million, realising a profit.

In May 2008, Editis integrated with the Planeta Group, the main Spanish-speaking publisher. In January 2019, Vivendi reacquired Editis from Planeta for €900m.{{cite web| url = https://www.musicbusinessworldwide.com/universal-parent-vivendi-buys-book-publishing-company-editis-in-1bn-plus-deal| title = Universal parent Vivendi buys book publishing company Editis in $1bn deal - Music Business Worldwide| date = 31 January 2019}}

In November 2023, Czech Media Invest acquired Editis from Vivendi for €653m. The total amount of funds received by Vivendi was €654 million including the reimbursement of Editis's debt to Vivendi at closing.{{cite web| url = https://www.vivendi.com/en/shareholders-investors/financial-publications-and-reports/financial-results/| title = Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2023 (2.3 Vivendi’s sale of Editis, page 61)| date = 7 March 2024}}

Group members

{{As of|2009}} the main subsidiaries were:

References

{{reflist|2}}

External links

  • {{official website|http://www.editis.com}}

{{Editis}}

Category:Book publishing companies of France

Category:Companies based in Paris

Category:French companies established in 2004

Category:Publishing companies established in 2004

Category:Former Vivendi subsidiaries

Category:2008 mergers and acquisitions

Category:2019 mergers and acquisitions

Category:2023 mergers and acquisitions