Lagardere pledges strategic overhaul under shareholder pressure

French media group Lagardere'sboard backed the renewal of Arnaud Lagardere's mandate as managing partner and outlined a new strategy on Monday, pushing back against growing shareholder pressure for new leadership.A new "strategic roadmap" approved by the board will focus on the group's travel retail and publishing divisions as growth drivers, overseen by a newly enlarged management board, Lagardere said in a statement.The supervisory board also approved Arnaud Lagardere's renewal "in order to st