Alexandre Barrière, son of Dominique Desseigne, becomes CEO of France’s number one casino
It’s official. Dominique Desseigne, the historic CEO of the Barrière group, has handed over his throne to his son, Alexandre Barrière. At 36 years of age, the new head of the family holding company will have the tough task of revitalizing the company, which will celebrate its one hundred and ten years of existence in 2022. As for Dominique Desseigne, he is not leaving the ship altogether, as he has been appointed honorary chairman of the group, which has no less than thirty-two casinos and a gaming club.
Alexandre Barrière is the new president of the Barrière group
The Barrière group has issued a statement in which it explains that Alexandre Barrière is the new CEO of Société de Participation Deauvillaise (SPD), the name of the family holding company that owns 60% of Groupe Lucien Barrière (GLB). The press release also mentions the 60.51% stake in Société Fermière du Casino Municipal de Cannes (SFCMC) held by the same family holding company.
” The family has agreed on a change in the group’s governance and the terms of its shareholdings “The press release also mentions a transfer of powers that has been on the front page of many newspapers in recent weeks.
Among the notable developmentsThe promotion of Joy Desseigne-Barrière, daughter of Dominique Desseigne and sister of Alexandre Barrière, is worth mentioning. The 32 year old is soon to become president of the board of directors of SFCMC as well as of the Société Immobilière et d’Exploitation de l’Hôtel Majestic (SIEHM), which is located in Cannes.
Dominique Desseigne passes the torch after 22 years of effort
Dominique Desseigne was chairman and CEO of the Lucien Barrière Group since 2001. Now 78 years old, he has been appointed honorary chairman of the groupa title – as its name indicates -, honorary but which tends to salute the work of a man who has enabled the Barrière casinos to break all records in France despite the loss of his wife Diane Barrière-Desseigne, who had inherited the assets of his late adoptive father Lucien Barrière.
As a reminder, in 2023, the Barrière group owns thirty-two casinos, a gaming circle in Paris, nineteen luxury hotels, one hundred and forty restaurants and three golf courses scattered throughout France and the United Arab Emirates. The group, which employs 6,500 people, has revenues of 1.3 billion euros in 2022.
A split with the Fimalac group at the heart of discussions
The Barrière press release reveals that discussions are currently underway concerning the exit of the Fimalac group from the capital of GLB and SFCMC, in favor of SPD. Fimalac, the holding company of Marc Ladret de Lacharrière – France’s twenty-eighth largest fortune – had initially taken Accor’s place in the capital of the above-mentioned companies, and currently holds 40% of the capital of the Barrière group.