Family-owned businesses provide more than 50 % of the private sector jobs in Europe, according to European Family Business. But only 10 % of those family businesses make it to the third generation. Lachaux Bétons of Brive-la-Gaillard, France is a third-generation family business beating the odds as it scales up its concrete block manufacturing division and charts a course for growth. Like many areas in North America and Europe, France’s economy struggled through the 2008 recession and the years following. Recently, however, that’s turning around. The Wall Street Journal reported that the French economy expanded at its fastest pace for six years in 2017, fueled by the largest increase in business investment for a decade.
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