The sale is to raise fund
Well-known Emlyon Business School of France has sold its shares to Qualicum Investissement which is associated with the state and Bpifrance Investissement. The investors will get a 14 % stake each for the total investment of 40 million Euros. The new proposition will weaken the stronghold of the Emlyon in control of the business.
The future plan involves selling more shares to both the stockholders, staff and old associates to raise 100 million Euros, which will bring the business schools’ share down to 48%.
Tawhid Chtioui, the Dean at Emlyon Business School told that investment will help to move to a new facility at the city-center campus. The initial plan is to bring in engineering and a design school to build a more integrative method for the learning of business.
Strategy to face stiff competition
Chtioui also said, “Our ambition is to be one of the top 10 European business schools.” He asserted the values of the school are important and it will be safeguarded by the overview of the Chamber of Commerce.
The decision was a timely one as other elite business schools are also seeing to sell their shares to raise money to face the stiff competition as the old traditional state-backed method is eroding its edge quickly.
These reforms are the direct relation of the cut in the fund by the Frances local chambers of commerce who control the tax and funds that are allocated to the business schools to train the students for the future.
This led the business school to search for different sources of income; one of them is to raise the tuition fees substantially, as described by the Director of Development and alumni at Henley Business School, Jean-Pierre Chalet.
“Never in the history of French business schools has there been so much happening in so little time with so many challenges of governance, digitalization and the internationalization of students and faculty,” said the head of ESCP Europe, Frank Bourgois.
