Groupe Artzainak is about to close a chapter. Artzainak, with its 250 employees and sales worth € 40M, is in good shape and calmly contemplating its future.
The group’s founder, Michel Etchebest, will reach the end of his working life in March 2025. He has decided to bequeath all his shares to a public utility shareholder foundation (FRUP Actionnaire). This foundation, whose business model, though well developed in several European countries, is new to France. It will effectively become the group’s controlling shareholder, making for a stable, long-term, not-for-profit share ownership focussed on the general interest, and thus will contribute to maintaining and safeguarding the Group’s independence for all time.
So, Groupe Artzainak will continue its development and ambitions for competitiveness, while staying true to its calling – “To develop and safeguard local employment and encourage the individual and collective fulfilment of its employees in a strong, independent group.”