According to CampdenFB, as many as 80% of all companies in the country are family controlled, and many fall under the sectors of food and beverages, such as Lactalis, the world’s biggest dairy company.
A lot of France’s wine industry is also still family controlled – many are small family businesses, although family-owned Rémy Cointreau is among the biggest drinks companies in the world.
There’s also the country’s famed luxury sector, which is almost completely synonymous with family; take iconic brands like Hermès and Chanel for example.
“Despite their prevalence, family businesses aren’t without their challenges in France. Studies have shown French families are reluctant to hand over to non-family bosses, unlike their counterparts in Germany. Some argue this reluctance is stifling innovation and ultimately the French economy.”
The interactive infographic shared some interesting statistics:
- 11 family businesses in France were established more than 200 years ago
- 88% of family businesses are managed by a family member
- 38% of family business ownership is held by the third generation, as opposed to 36% first generation ownership, and 26% in the hands of the second generation.
View the original interactive infographic here.