Gérard Mulliez Explained

Gérard Mulliez
Birth Date:13 May 1931
Birth Place:Roubaix, France
Known For:Founder, Auchan
Children:3
Relatives:Michel Leclercq (cousin)

Gérard Paul Louis Marie-Joseph Mulliez (born 13 May 1931) is a French entrepreneur and the founder of the Auchan chain of department stores.

Early life

Gérard Mulliez was born on 13 May 1931, in Roubaix, France. His father, Gérard Mulliez, was the owner of Phildar, a knitting yarn brand founded by his grandfather, Louis Mulliez-Lestienne.[1] [2] His uncle, Louis Mulliez, was the owner of the Saint-Liévin factory in Lille.[1] Gérard Mulliez has five siblings.[1]

Mulliez reportedly had bad grades in school.[1] He spent a year in England, where he learned to play rugby and pool and learned to speak English.[1] Despite his efforts, he failed his Baccalaureate.[1] [2]

Career

Mulliez started his career working for his father's company, gradually working his way up until he became its Chairman.[1] [2]

In 1961, at the age of twenty-nine, after being inspired by department stores during a trip to the US, he opened his first Auchan store in Roubaix, France.[3] He retired as chairman in 1996 and as CEO in 2006, handing over control to his nephew, Vianney Mulliez.[3]

His holding Association Familiale Mulliez (AFM) controls Auchan[4] as well as a diverse mix of other retail chains such as Leroy Merlin, Decathlon, [5] Saint Maclou, Kiloutou, Kiabi, Flunch, etc.[6] It is co-owned between a thousand family members.[6] Six hundred of his cousins are millionaires as a result.[2]

In 2004, he was the recipient of the Légion d'honneur.[7]

In 2022, retailers founded or part-owned by Gérard Mulliez, including Auchan, Decathlon, and Leroy Merlin, face criticism for refusing to pull out from the Russian market as a result of the Russian Invasion of Ukraine[8] and even supporting the invasion through its Russian subsidiary.[9]

Wealth

According to Challenge Magazine, he was worth 19 billion Euros in 2013, 20 billion Euros in 2014, and according to Capital, nearly 40 billion Euros in 2016[10] making him the first richest person in France.[6] [11] [12] According to Capital, the Mulliez family was the richest family in France in 2014.[13] According to Hurun Report, he is 18th richest person in the world with a net worth of US$30 billion.[14] Some of his family members reside in Néchin, Belgium.[1] [2]

He has revealed that he has also spent less than he earns,[15] and reinvests most of his earnings.[1] He added that most of his wealth is tied up in family shares, and he would not be able to spend much of it.[1] He is in favour of taxing annual incomes upwards of 500,000 Euros, but not dividends on investments, arguing that this would scare investors away.[1]

On 21 February 2015, he paid a personal visit to the youth wing of the French Communist Party in Lille to protest about a poster accusing him of profiting from the financial crisis, as he got richer while his employees saw their spending power diminish.[11] [16] He argued that he employed a lot of people, adding that by the time he was their age, he had already opened his first store.[11] [16]

Personal life

Mulliez and his wife have three children. They reside in Croix near Lille and own another house in the South of France.[1] They are practising Roman Catholics.[1] He enjoys spending his weekends biking and hiking in the countryside.[1]

Bibliography

See also

Notes and References

  1. Web site: Bordet . Marie . 2012-07-12 . Gérard Mulliez se confie enfin . 2024-03-07 . . fr.
  2. http://www.sudouest.fr/2015/02/23/qui-est-gerard-mulliez-troisieme-fortune-de-france-et-discret-fondateur-d-auchan-1838868-705.php Qui est Gérard Mulliez, troisième fortune de France et (discret) fondateur d'Auchan ?
  3. Carol Matlack, 'Gerard Mulliez' Auchan: France's Wal-Mart Goes Global', in BusinessWeek, 10 December 2009 https://web.archive.org/web/20091213132151/http://www.businessweek.com/magazine/content/09_51/b4160064956057.htm
  4. Web site: Gérard Mulliez, fondateur d'Auchan, en 10 phrases chocs . 9 February 2024 . LSA.
  5. Web site: Gérard Mulliez, fondateur d'Auchan, en 10 phrases chocs . 9 February 2024 . Le Point.
  6. http://www.challenges.fr/classements/fortune/fiche/gerard-mulliez-et-sa-famille;441.html Gérard Mulliez et sa famille
  7. Web site: Biographie de Gérard Mulliez Auchan . Edubourse.com . 13 May 1931 . 26 February 2017.
  8. News: Gill . Oliver . 2022-03-20 . Business as usual for the French firms ignoring Russia boycott . en-GB . The Telegraph . 2022-03-21 . 0307-1235.
  9. News: Vidéo. Video investigation: How a French company is supporting Russia's war effort in Ukraine . en-US . Le Monde.fr . 2023-02-17.
  10. Web site: Le classement des 10 premières fortunes de France - Capital . Photo.capital.fr . 26 February 2017.
  11. http://www.sudouest.fr/2015/02/22/le-fondateur-d-auchan-a-des-jeunes-communistes-a-votre-age-j-avais-deja-ouvert-mon-premier-magasin-1837828-4776.php Le fondateur d'Auchan à des jeunes communistes : "À votre âge, j'avais déjà ouvert mon premier magasin"
  12. Web site: Photo Gérard Mulliez . fr . LeJDD.fr . 26 February 2017 . https://web.archive.org/web/20160401175629/http://www.lejdd.fr/Economie/Images/Les-plus-grosses-fortunes-de-France/Gerard-Mulliez-206925 . 1 April 2016 . dead .
  13. http://france3-regions.francetvinfo.fr/nord-pas-de-calais/2014/06/25/classement-des-100-francais-les-plus-riches-en-2014-les-mulliez-toujours-en-tete-506201.html Classement des 100 Français les plus riches en 2014 : les Mulliez, toujours en tête
  14. Web site: 胡润百富 . Hurun.net . 26 February 2017 . https://web.archive.org/web/20150210163728/http://www.hurun.net/en/ArticleShow.aspx?nid=9607 . 10 February 2015 . dead . dmy-all .
  15. http://www.lexpress.fr/actualite/economie/gerard-mulliez-toujours-depenser-moins-qu-on-gagne_526257.html Gérard Mulliez: "Toujours dépenser moins qu'on gagne"
  16. http://www.lefigaro.fr/politique/le-scan/insolites/2015/02/22/25007-20150222ARTFIG00123-lille-en-colere-le-fondateur-d-auchan-s-invite-chez-les-communistes.php Lille : en colère, le fondateur d'Auchan s'invite chez les communistes
  17. Web site: Archived copy . www.swissbib.ch . 17 January 2022 . https://web.archive.org/web/20140222050805/http://www.swissbib.ch/TouchPoint/perma.do?v=nose&l=de&q=0=%22061104655%22%20IN . 22 February 2014 . dead.
  18. Web site: Suchergebnisse - dynamique du client . Swissbib.ch . 3 November 2006 . 26 February 2017.