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France – Son of Dominique Desseigne to take charge of Lucien Barrière group

By - 17 April 2023

The Lucien Barrière group has announced a change of governance with Alexandre Barrière, 36, son of Dominique Desseigne, current CEO of the group, set to succeed him soon.

Alexandre Barrière will take over the presidency of the Société de participation deauvillaise (SPD), the family holding company which owns 60 per cent of Groupe Lucien Barrière (GLB) and ‘together with the family, a 60.51 per cent stake in the capital of Société fermière du Casino municipal de Cannes (SFCMC)’ and ‘aims to hold all of the family holdings.’

Joy Desseigne-Barrière, the 32-year-old daughter of Dominique Desseigne and Diane Barrière and sister of Alexandre, will be appointed chair of the board of directors of the 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.’

Current CEO, Dominique Desseigne will be named honorary president of the group.

“I am particularly proud and happy to pass on to my two children the reins of the group – for which I have worked tirelessly for more than twenty years – which they have known and loved since their childhood and which they master today. today all the issues, comments Dominique Desseigne, quoted in the press release. I know they are up to the challenges facing our hotel, restaurant and leisure industries. As true enthusiasts, they will be able to ensure its growth and sustainability, they have all my confidence »

Barrière said that ‘discussions are being finalized concerning the exit of the Fimalac group from the capital of GLB and SFCMC in favor of SPD.’

The Lucien Barrière group, which celebrated its 110th anniversary in 2022, operates 32 casinos and a gaming club in Paris, 19 luxury hotels and more than 140 restaurants, including 12 Fouquet’s brasseries in Abu Dhabi, La Baule, Cannes, Courchevel and Dubai in 2023. It employs some 6,500 people, including seasonal workers. In 2022, the group’s turnover reached €1.3bn.

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