Michel Tabur steps down

Sixteen months after the Tabur Group merged with Mr Bricolage, Michel Tabur is stepping down from the operational business. However, he will retain his position as vice-president on the management board alongside Maurice Vax, the president, and Delegate General Manager Hervé Courvoisier and also keeps his seat on the audit committee. The Tabur family has handed a block of shares equivalent to 2.71 per cent of the capital in Mr Bricolage SA to various institutional investors, leaving it with 25.51 per cent. It is putting its shares into three newly established family holding companies and upholds for a further two years the shareholder’s agreement reached when the merger went through.