【Decathlon and Mulliez family, one of the world’s largest sporting equipment chains. 】
In 1976, Michel Leclercq founded Decathlon with a single sporting store in Lille, France. It sold equipment for several sports rather than just one, bringing disruptive ideas to the sporting retail industry.
Meanwhile, his cousin Gérard Mulliez had already made waves with the Auchan department store founded in Roubaix in 1961, which continues to thrive today under the auspices of the Association Familiale Mulliez.
With a remarkable US$37 billion wealth shared among approximately 700 members of the Mulliez family, their influence in the retail sector is undeniable. The Mulliez and Leclercq families hold a 40% stake in Decathlon respectively, which impressively generates over US$13 billion in sales annually across 1,400 stores in 47 countries or regions.
Today, the legacy continues with Olivier Leclercq, Michel’s son, who plays a pivotal leadership role within Decathlon and its subsidiaries. Now, he ventures into the hospitality and real estate sectors in the U.S.
The story of Decathlon is not just about retail. It’s about family: how their family due their succession and entrepreneurship. How do you think the Mulliez family can manage its growing fortune and share it with more than 700?family members?
Source: https://lnkd.in/gwX4eM9P
Photo Source: Decathlon
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