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France is the world's fifth largest andwealthiest economy.
As of September 2010, France's
economy has been growingcontinuously since the second quarter2009.
With 39 of the 500 biggest companies
of the world in 2010, France ranks 4thin the Fortune Global 500, behind theUSA, Japan and China, but ahead ofGermany and the UK.
There are more Fortune Global 500's
Frances EconomyFrances Economy
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Top French BrandsTop French Brands
AXA is the world's largest insurancecompany
Air France is the world's largest airline
company
L'Oreal is the world's biggest cosmeticcompany;
LVMH and PPR are the world's 1st and2nd largest luxury companies
JCDecaux is the world's largest outdooradvertising corporation
BNP Paribas the world's bi est bank in
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Top French Brands
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LVMHMot Hennessy Louis Vuitton S.A. usually
shortened toLVMH
World's largest luxury goods conglomerate
It is the parent of around 60 sub-companies that eachmanage a small number of prestigious brands.
The group was formed after mergers brought together
champagne producer Mot et Chandon and Hennessy, aleading manufacturer of cognac. In 1987, they mergedwith fashion house Louis Vuitton to form the currentgroup.
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Major BrandsMot etMot et ChandonChandon Wines and Spirits
Donna KaranDonna Karan Fashion and LeatherGoods
LouisLouis VuittonVuittonFashion and LeatherGoods
ParfumsParfums Christian DiorChristian DiorPerfumesand Cosmetics
TAGTAG HeuerHeuerWatches and Jewelry
HublotHublotWatches and Jewelry
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LVMH currently employs more than 83,000
people,30% of LVMH's staff work in France. LVMH operates over 2,400 stores worldwide.
Year 2010
Revenues - Euro 20.32 Bn
Net Profit - Euro 3.032 Bn
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Carrefour means "crossroads" inCarrefour means "crossroads" inFrench.French.
Largest hypermarket chain in the worldLargest hypermarket chain in the worldin terms of sizein terms of size
22ndnd largest retail group in the world inlargest retail group in the world in
terms of revenueterms of revenue 33rdrd largest in profit afterWallargest in profit afterWal--Mart andMart andTesco.Tesco.
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RevenueRevenue -- 85.379 billion (2009)85.379 billion (2009)
ProfitProfit -- 385 million (2009)385 million (2009)
EmployeesEmployees -- 475,976 (2009)475,976 (2009)
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The company is knownThe company is known
for its role in motorfor its role in motorsport, and its successsport, and its successover the years in rallyingover the years in rallyingand Formula 1.and Formula 1.
The French governmentThe French governmentowns a 15 percent shareowns a 15 percent shareofRenault.ofRenault.
Its alliance with NissanIts alliance with Nissanmakes it the world's thirdmakes it the world's thirdlargest automaker.largest automaker.
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TheThe L'OralL'Oral GroupGroup is the world's largestis the world's largest
cosmetics and beauty company.cosmetics and beauty company. Registered office is in Paris and headRegistered office is in Paris and head
office in the Paris suburb of Clichy,office in the Paris suburb of Clichy, HautsHauts--
dede--Seine, France,Seine, France, On 17 March 2006,On 17 March 2006, L'OralL'Oral purchasedpurchased
cosmetics company The Body Shop forcosmetics company The Body Shop for
652 million.652 million.
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The largest global banking group in theThe largest global banking group in theworld, headquartered in Paris with itsworld, headquartered in Paris with itssecond global headquarters in London.second global headquarters in London.
Formed through the merger ofFormed through the merger of BanqueBanqueNationaleNationale de Paris (BNP) and Paribas inde Paris (BNP) and Paribas in2000.2000.
In October 2010 it was ranked byIn October 2010 it was ranked byBloomberg and Forbes as the largestBloomberg and Forbes as the largestbank and largest company in the worldbank and largest company in the worldby assets with over $3.1 trillion.by assets with over $3.1 trillion.
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BNP Paribas is one of the most importantBNP Paribas is one of the most importantsponsors of the Tennis French Open insponsors of the Tennis French Open in
RolandRoland GarrosGarros stadium since 1971.stadium since 1971. BNP Paribas's four domestic markets areBNP Paribas's four domestic markets are
France, Italy, Belgium and Luxembourg.France, Italy, Belgium and Luxembourg.
BNP Paribas escaped the 2007BNP Paribas escaped the 2007--09 credit09 creditcrisis relatively unscathed reporting acrisis relatively unscathed reporting a3bn net profit for the year of 2008, and3bn net profit for the year of 2008, and5.8 for 20095.8 for 2009
BNP Paribas has one of the highestBNP Paribas has one of the highestcredit ratings in its peer group with thecredit ratings in its peer group with thelong term debt of the group currentlylong term debt of the group currentlyrankedranked AAAA by S&P,by S&P, Aa2Aa2by Moody's andby Moody's andAAAA--by Fitch.by Fitch.
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