Published on November 13, 2014, by Philippe Beaulieu on http://www.franchise-magazine.com
By the end of the year, the La Mie Câline franchise will be offering its employees the chance to participate in its capital.
The decision to open up Monts Fournil's capital had been on the drawing board for several years, franchisor and network manufacturer franchise of 220 stores La Mie CâlineThe decision has just been taken to sell the company to its employees. For several years, SAS Monts Fournil has been owned by its management and a group of outside investors (IPO, BNP Développement and Océan Participations), who have contributed a total of 13 million euros.
This capital injection has contributed to the company's expansion: creation of a 3,000 m² "green platform" alongside the Vendée production site; launch, at the end of 2011, of the new "Bread and Catering Workshop" store concept, etc.
The operation envisaged today is of a different order. It is not a question of giving the company new means of development, but of offering its employees who so wish an additional meaning to their work.We consider that the company belongs to the people who work there," André Barreteau, founder and president of Monts Fournil, told our colleague Ouest-France. Together with my wife, Michelle, and our children, we want the company to continue in a serene and sustainableway".
In concrete terms, the plan is to enable employees to acquire shares in the company's capital through a new company dedicated to this purpose. Provided they have one year's seniority and undertake not to resell their shares for at least six years, group employees will be able to acquire shares in SAS Monts Fournil in December, for a minimum amount of 1,000 euros.
