• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics

1

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
LeadershipView from the C-Suite

Why Bic, the maker of ballpoint pens and shaving sticks, identifies as a tech-forward company

Phil Wahba
By
Phil Wahba
Phil Wahba
Senior Writer
Down Arrow Button Icon
Phil Wahba
By
Phil Wahba
Phil Wahba
Senior Writer
Down Arrow Button Icon
June 18, 2024, 10:00 AM ET
Bic CEO Gonzalve Bich.
Bic CEO Gonzalve Bich.Courtesy of Bic

Many traditional companies looking to create buzz like to present themselves as tech companies. Restaurant chain Sweetgreen once said it acted more like a tech company than a purveyor of food. The New York Stock Exchange has also called itself a tech company, and even Fortune Media has been known to whisper that it’s a tech company that does journalism.

It’s easy to understand why non-tech companies might want to hype their tech cred, considering the market love that actual tech companies like Microsoft and Nvidia receive in droves. But what claim can a maker of good ol’ ballpoint pens, lighters, and razors make to be a tech company? 

Gonzalve Bich, whose grandfather Marcel Bich founded Bic in 1945, acknowledges that while it may not fit the traditional definition of a tech company, Bic embodies the spirit of innovation that is often associated with tech giants. Bic’s approach to technology may not involve developers and programmers, but it does involve a relentless pursuit of more sustainable materials for its disposable razors and innovative ways to extend the lifespan of its lighters, he says. To be fair, Bic’s portfolio does include tech products, such as the cloud-connected, smart, and reusable notebooks made by Rocketbook, a company it acquired in 2020.

“We have a very rich legacy, and we honor the past, but then we talk about reinventing the future, whether it be through technical innovation or technological innovation,” says Bich, who took the reins as CEO in 2018.

Bic, which trades on the Euronext stock exchange in Paris, has looked for growth by venturing into the world of temporary tattoos. Bich describes himself as a tattoo artist on his LinkedIn page and sported tattoos on his arm depicting waves when he met with Fortune). In a perhaps more modest display of innovation, the company also plans to more than double the color options in its markers. Last year, net sales rose 9% (stripping out the impact of currency fluctuations) to hit 2.26 billion euros ($2.5 billion at current rates).

“When you say ‘tech company,’ if you mean a company turned toward the future, that’s a definition I would apply,” says Bich.

This interview has been edited and condensed for clarity.

Fortune: Bic touts itself as as a tech company. What case can the maker of pens and shaving sticks make that it’s a tech company?

When you say “tech company,” you mean a company turned toward the future, contemporary with its time, and maybe even a couple of degrees ahead of it. I think that definition would apply to us. We’re honoring our rich legacy and then inventing the future. So we’ve made investments, like in Rocketbook and tattoo companies, as well as technical innovations.

You sell pens in an age when people communicate by text and other digital means. Why the bullishness on writing tools?

The debate around the importance of handwriting was put to rest a while back. Experts around the world have all agreed that while we can’t fight technology coming into our lives, the creativity and fine motor skills you acquire when you write early in life are critical to brain development. Also, we sell in about 160 countries, and not all of them have the technology we have. When we look at the growth we’ve had, a lot of it comes from developing markets. These are countries where people are still growing their purchasing power.

You call yourself a tattoo artist, and you’ve talked up Bic’s tattoo business on earnings calls. Can this ever be more than a niche market?

In the last 30 years, you’ve seen the normalization of tattoos in plain sight. We are offering temporary tattoos that last a little more than two weeks. Most people walk into a tattoo store and see a wall full of options. They go on Google. They’ll think, “I haven’t found my perfect tattoo,” and that’s where temporary tattoos have come into their own. We offer a different level of permanence. This isn’t a fad.

Bic mentions sustainability in its annual reports. But help me reconcile the idea of sustainability with the production and sale of disposable razors.

If you look at publicly available life-cycle analyses of what you might call system shavers—those with a replaceable head—and our high-end disposable shavers, you’ll find the biggest impact is at the end of life of the product. It’s the water consumption during the shave (reduced when a razor works well since it shortens shaving time). The environmental impact of the disposal of the handle is a lot higher than our disposable one. In terms of packaging, we went from 20% of it being recycled to 80% last year. In our women’s products, 40% of the handle is recycled, and you’re going to see us go higher and higher. 

So, where are we in the facial hair cycle? Lots of beards out there. 

If you look at 150 years of grooming history, it comes up and down. We’re now in a cycle of facial hair with remote work. On the other hand, body shaving has exploded over the last 20 years.

So many razor brands have emerged in the last decade like Harry’s and Dollar Shave Club. What is Bic’s differentiator?

We are No. 1 or No. 2 in the disposable razor segment, depending on the market. We launch exciting new products or update them. We were the first to change the handle of female razors to something ergonomic that allows ladies to shave in six different positions.

Let’s talk about lighters. Cigarette use has declined sharply in the West, but is cannabis use helping you make up for that?

It’s created some positive momentum, but it’s not the stratospheric growth rate that some had predicted. We run these market studies and ask people what they use a flame for. Yes, people are smoking, but they are also lighting candles. In the U.S., the use of lighters for candles is equal to the use for smoking. In developing markets, there are other uses, such as boiling water to make it potable or for hygiene. Four years ago, as part of a strategic pivot, we rebranded this division from “lighters” to “flame for life” to reflect all the different usages. We also partnered with Snoop Dogg and Martha Stewart for marketing.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
Phil Wahba
By Phil WahbaSenior Writer
LinkedIn iconTwitter icon

Phil Wahba is a senior writer at Fortune primarily focused on leadership coverage, with a prior focus on retail.

See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Young worker looking tired in front of a screen
EconomyYoung workers
A Nobel economist figured out 60 years ago that people learn best on the job. The Atlanta Fed says AI is making that almost impossible
By Tristan BoveMay 21, 2026
51 minutes ago
Intuit CFO on why the company is simplifying its structure
NewslettersCFO Daily
Intuit CFO on why the company is simplifying its structure
By Sheryl EstradaMay 21, 2026
2 hours ago
Anu Madgavkar, a partner at the McKinsey Global Institute
AIWorkplace Innovation Summit
McKinsey partner says up to 50% of work hours could be transformed within the next 5 years
By Emma BurleighMay 21, 2026
2 hours ago
Jeff Bezos
SuccessWealth
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
3 hours ago
Photo of MacKenzie Scott
SuccessMacKenzie Scott
MacKenzie Scott gave away more than $7 billion last year—but her secretive style got her snubbed from a top donors list
By Sydney LakeMay 21, 2026
4 hours ago
allbirds
AILayoffs
Allbirds’ 600% stock surge says a lot about how ‘AI washing’ became the new ‘greenwashing’
By Suvrat Dhanorkar and The ConversationMay 21, 2026
5 hours ago

Most Popular

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
2 days ago
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
1 day ago
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Future of Work
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
By Mike Householder and The Associated PressMay 17, 2026
4 days ago
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
Workplace Culture
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
By Sydney LakeMay 20, 2026
22 hours ago
Dr. Bernice King on why companies that walked back DEI were never truly committed: 'If you retreat that quick…that reveals who you really are'
Workplace Culture
Dr. Bernice King on why companies that walked back DEI were never truly committed: 'If you retreat that quick…that reveals who you really are'
By Preston ForeMay 19, 2026
2 days ago
A 'proudly autistic' workplace expert says putting neurodivergent employees in a typical office is like dropping a polar bear in Austin, Texas
Conferences
A 'proudly autistic' workplace expert says putting neurodivergent employees in a typical office is like dropping a polar bear in Austin, Texas
By Tristan BoveMay 20, 2026
22 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.