Tag Archives: Cyril Linette

Revived PMU posts back-to-back racing growth

France’s Pari Mutuel Urbain (PMU) details confidence in its ‘revitalisation programme’ reporting consecutive growth quarters for its racing vertical. Updating PMU stakeholders this week, Chief Executive Cyril Linette revealed that French racing wagers during Q2 and Q3 trading had consecutively grown by 0.5% to €1.9 billion, an outcome that the PMU last witnessed in 2011. Despite a tough opening to …

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PMU appoints Malecaze-Doublet to lead critical marketing drive

Seeking to revive French racing prospects, Pari-Mutuel Urbain (PMU) has confirmed the appointment of Emmanuelle Malecaze-Doublet as Group Marketing Director. A key member of PMU’s new executive team formed under the leadership of CEO Cyril Linette, Malecaze-Doublet had formerly served as PMU CFO having joined the French legacy operator from US management consultancy firm McKinsey-&-Company last September. Malecaze-Doublet takes charge …

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2018 losses see France Galop back PMU revitalisation programme

The executive committee of France Galop, the governing body of French horseracing, has reported group-wide losses of €21 million as part of its 2018 accounts. France Galop, who shares ownership of French racing operator PMU alongside counterpart Le Trot Francais, details that 2018 horseracing revenues were significantly down on forecasted targets. “The net result of the PMU for 2018 is set …

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Cyril Linette orders tough measures to revive declining PMU

The new executive leadership team of French racing operator Pari Mutuel Urbain (PMU) has presented its new ‘operating roadmap’ to French media outlining the firm’s corporate recovery and transformation strategy. Having undertaken an internal review, new Chief Executive Cyril Linette, the executive appointed by France Galop and Le Trot to ‘reinvigorate the PMU’, has outlined a series of efficiencies, which …

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PMU appoints ‘transformation expert’ Emmanuelle Malecaze-Doublet as new CFO

French racing operator Pari Mutuel Urbain (PMU) continues its ongoing executive management restructure confirming the appointment of Emmanuelle Malecaze-Doublet as new Chief Financial Officer (CFO). Malecaze-Doublet joins PMU leadership from US management consultancy firm McKinsey & Company, where she served as Associate Partner for French apparel and consumer goods industries. Working alongside new PMU Chief Executive Cyril Linette, Malecaze-Doublet will lead the PMU’s new …

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Sky Sports to be exclusive home of French Racing

Sky Sports Racing has been revealed as the UK and Ireland’s exclusive pay TV broadcast home of French racing, on a three year deal from January 1 of next year, PMU and At The Races have announced. Furthermore, At The Races is to also become the PMU’s online video streaming provider within both regions, with a full service of over …

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French Court charges PMU of anti-competitive practices during 2010 separation

The Paris High Court of Appeals has upheld an original verdict against state-owned racing operator Pari Mutuel Urbain (PMU) with regards to ‘abusing its position of influence by enacting anti-competitive business practices’. PMU governance had challenged a February 2018 ruling by France’s Commercial Tribunal against the betting firm, which had deemed its horseracing operations between 2010-2015 as restrictive to licensed …

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PMU appoints new leadership duo to revive French racing prospects

French state-owned racing operator Pari Mutuel Urbain (PMU) has moved to restructure its senior executive leadership team, confirming the appointments of Cyril Linette as new Group Chief Executive, supported by Bertrand Meheut as Group Chairman. The executive appointments have been approved by the PMU’s governance stakeholders of France Galop (racetrack operator), LeTROT French racing’s governing body and the French Ministry …

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