The
New York Post reported that Paris-based Lagardére was in talks with Hearst Corp. about taking over the American operations of fashion magazine
Elle. The French company quickly
issued a disclaimer: "Lagardère Active, HFM US parent company, formally denies being in negotiation with Hearst Corp Group. There are no ongoing talks on a joint venture or licensing agreement
with Hearst Corp Group regarding
Elle magazine in the U.S."
