• A Unique Way To Sell A Company To It's Employees

  • Jul 17 2024
  • Length: 43 mins
  • Podcast

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A Unique Way To Sell A Company To It's Employees

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  • Summary

  • Tulips & Company, a corporate film agency, was founded in 2002 by Laure Cousin and Charles Drouin. They started the business in the attic of Laure's house with a focus on creative storytelling. Over the years, they grew the company and gained recognition through awards. In 2018, they decided to sell the company to its employees in a unique way. They created a new company called Ortus, owned by the employees, which gradually buys shares in Tulips using profits from the company. This allows the employees to become shareholders without taking on debt. The transfer of ownership will be complete in 10 years, with the employees owning 65% of the company.

    • Tulips & Company was founded in 2002 as a corporate film agency with a focus on creative storytelling.
    • The founders, Laure Cousin and Charles Drouin, decided to sell the company to its employees in a unique way.
    • They created a new company called Ortus, owned by the employees, which gradually buys shares in Tulips using profits from the company.
    • The transfer of ownership will be complete in 10 years, with the employees owning 65% of the company.
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