Marine had sales of 31 million Euros ($40 million) in 2003 and 50 million Euros ($60 million) in 2015, with nearly 200 employees. At Fauchon (since 1998) Ducros invested in Fauchon in 1998 along with other shareholders. He took first a minority interest (10%) in the company, and, at the request of the shareholders, will buy out most of the other shareholders until 2009, including the minority shareholdings, till holding almost all the capital. He became chairman and CEO of Fauchon in January 2004. When he took the CEO job in 2004, Fauchon is on the verge of bankruptcy. Michel Ducros immediately attended to redress the operating imbalance, and repay the debts. Loss-making assets are sold and Fauchon cut back its workforce. Michel Ducros set up a new Executive Committee to resolve the company's situation and organized the repositioning and new branding strategy, while developing the international presence. Balanced in 2009-2010 and out of debts, the brand increased its revenue, mainly abroad. Fauchon posted in 2013 an operating profit of €900,000 on sales of €50 million, with nearly thousand employees. Eleven years after the takeover of Fauchon, Michel Ducros still strengthen the group and pursue the international development of the brand, which succeed its installation in the Middle East, where there are, in May 2016, 25 stores and restaurants. In September 2015, Michel Ducros opt for a new strategy for Fauchon, and set up a joint venture to establish and manage its first five-star hotel in downtown Paris, Place de la Madeleine. It should open in January 2018 and aims to become the reference for the next Fauchon Hotels in the world. Investment and shareholding After the sale of the Ducros's family spice business by his father and his uncle, Michel Ducros started his own investments, taking a majority shareholding of a French lighting fixture retailer, Laurie Lumière, that he developed between 1991 and 2008. He founded his own investment Holding, Eucelia Investments SA, in 1992, which enable Michel Ducros to create Monaco Marine and take stakes in Fauchon. Michel Ducros develop companies in many fields, as real estate and frozen mushrooms, through the companies Immovalor S.C.A. and Magda SAS. Public life Ducros is a resident of Yens, Switzerland. He is married to a French tax lawyer and he has four children. He appointed his son Tanguy at the head of the Monaco Site of his Monaco Marine Company. Ducros