Since 1987, Decathlon’s family shareholders have supported the company’s long-standing commitment to sharing success with its workforce by enabling employees, known as “teammates,” to become shareholders.
To date, more than 56,000 teammates across Decathlon’s global operations have joined the company’s shareholder base, representing 54% of its workforce.
Under the newly announced initiative, called The Decathlon Seed project, eligible teammates will have the opportunity to become partners, co-owners and active contributors to the company’s continued growth.
Each qualifying teammate will receive an allocation that vests after three years. During that period, the value of the allocation will move in line with Decathlon’s overall performance.
Julien Leclercq, chairman of Decathlon, said employee share ownership has been part of the company’s identity for decades. He described the latest step as an expansion of Decathlon’s value-sharing approach, designed to allow teammates to take part more directly in the company’s future value creation while strengthening trust, commitment and shared success.
Javier López, chief executive officer of Decathlon, said The Decathlon Seed project builds on one of the company’s core principles over the past 50 years: sharing the value created collectively. He added that the initiative was developed in collaboration with Decathlon’s markets and family shareholders, reflecting the belief that value is created at every level of the business and should be shared with those who help generate it.