With the acquisition of all outstanding shares in the publishing businesses of French travel guide specialist Mondéos, Michelin believes it has “reaffirmed its leadership and strengthened its presence” in the travel guide market. Michelin has not disclosed the price it paid for the shareholding in publisher of the Balado and Mondéos guides.
Michelin communications head, Michael Küster will take on additional responsibility for commercial vehicle tyres and the Travel Publishing Group public relations on 1 July. Küster was previously head of product and motorsport communications with responsibility for Germany, Austria and Switzerland (DACH region). Nina Grigoleit, who previously supervised these areas, will take on other duties within the company.
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