Industry News

Barrière Casinos: Alexandre Barrière, Son of the Current CEO, Takes Over as Head of the Group

Published

2 years ago

April 18, 2023

Niji Narayan

Reading Time: < 1 minute

French casino group and luxury hotel player Lucien Barrière is rejuvenating its governance.

The group, which celebrated its 110th anniversary last year, has announced, via a press release, the forthcoming arrival at its head of Alexandre Barrière, aged 36 and son of the current CEO, Dominique Desseigne.

Mr. Barrière will be appointed Chairman of the Société de participation deauvillaise (SPD), the family holding company that owns 60% of Groupe Lucien Barrière (GLB). In addition, Alexandre Barrière will hold, “in concert with the family, a 60.51% stake in the capital of Société fermière du casino municipal de Cannes (SFCMC)” and “has a vocation to hold all of the family’s shareholdings”.

“The family has agreed to a change in the group’s governance and the terms of its shareholding”, the statement said.

Joy Desseigne-Barrière, Dominique Desseigne’s daughter and Alexandre’s sister, will be appointed chairman of the board of SFCMC and Société Immobilière et d’Exploitation de l’Hôtel Majestic (SIEHM). The appointment of this 32-year-old woman “will be subject to the approval of their boards of directors”.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.