Trigano: Patrimonial Transmission within the Feuillet Family
Trigano Group has announced a donation operation concerning the bare ownership of shares in Seval, a patrimonial holding company controlling 40% of the capital of the recreational vehicle specialist. This family transmission alters the indirect distribution of capital among the members of the Feuillet family.
According to the press release published on December 16, 2025, François Feuillet and Marie-Hélène Feuillet, the sole partners of Seval, proceeded on December 15 with a donation. This involved the bare ownership of 49.99% of the shares making up the social capital of Seval to the benefit of Séverine Soummer Feuillet and Alice Cavalier Feuillet. This operation is part of a classic patrimonial transmission within the family group controlling the company. Seval holds 40% of the capital and 38.8% of the voting rights of Trigano, the company indicates.
Impact on Capital Distribution
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Following this donation, the indirect distribution of Trigano's capital among the Feuillet family members has evolved, the press release specifies. François Feuillet and Marie-Hélène Feuillet now hold together, directly and indirectly, 27.9% of the group's capital. Meanwhile, Séverine Soummer Feuillet and Alice Cavalier Feuillet each hold, directly and indirectly, 15% of Trigano's capital. This new configuration reflects the gradual transfer of family control to the next generation.
No Change in Control Structure
The company emphasizes that the shares of capital and voting rights held by Seval in Trigano remain strictly unchanged following this operation. Seval thus maintains its stake of 40% of the capital and 38.8% of the voting rights of the group. Only the distribution among the indirect economic beneficiaries of this participation has been modified by the bare ownership donation. Therefore, this operation does not alter the control structure of Trigano by the Feuillet family group.
SectorAutomobile · Loisirs / sport · Hôtellerie / Voyage / Restauration›Produits de Loisirs
Context
Period
Period: 1T 2025-2026
Guidance from the release
Demande européenne soutenue, carnets de commandes solides; montée en puissance de la production en T2/T3; perspective d'amélioration de la rentabilité pour 2025/26; trésorerie élevée permettant développement du réseau Libertium et potentielles acquisitions.
Risks mentioned
Sensibilité aux évolutions de la conjoncture économique et politique
Disponibilité moindre de véhicules de fin de série impactant les ventes au public
Faible niveau des stocks chez certains distributeurs pouvant contraindre les livraisons
Dépendance saisonnière (faible premier trimestre pour certaines activités)
Opportunities identified
Reconstitution des stocks des réseaux de distribution soutenant la demande
Poursuite du développement du réseau de distribution intégré Libertium
Potentielles opérations de croissance externe grâce à une trésorerie élevée
Adaptation des gammes produit pour capter la demande croissante pour les loisirs en proximité
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