The French co-operative model

Robert Joseph looks at a giant company in a growth spurt and its very French way of doing business.

Philippe Leveau, CEO, InVivo
Philippe Leveau, CEO, InVivo

In 2018, the Harvard Business Review (HBR) published an article by Peter Walsh, Michael Peck, and Ibon Zugasti under the headline “Why the US Needs More Worker-Owned Companies”. Apparently, nearly one in eight American workers is employed by what in Europe would be called a cooperative; successful examples include Ocean Spray fruit juices, Land O’ Lakes dairy, and Publix supermarkets. These businesses, the authors argued, “outperform their competitors, especially during economic downturns” and have easier access to financing.   

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