CRF Blog

New Businesses in France

by David De La Torre

In A lack of enterprise, The Economist argues that France needs more startup companies.

France still has plenty of successful, world-class multinationals in a wide variety of industries. They include such well-known names as Michelin (tyres), Pernod Ricard (drinks), LVMH (luxury goods), Carrefour (supermarkets), AXA (insurance) and L’Oréal (cosmetics), as well as two of the biggest banks in Europe, BNP Paribas and Société Générale. But lists such as these also reveal some problematic characteristics of corporate France.

One is that most French companies have been around for a long time. A second is that their profit margins have become much thinner. [more]