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February 22, 2013

It has generally been a strong week for family business results, with Lego and Prada posting impressive profits for 2012, while Walmart reported solid growth.

It has generally been a strong week for family business results, with Lego and Prada posting impressive profits for 2012, while Walmart reported solid growth.

Lego
In the face of sluggish economic recovery in Denmark, the toymaker famous for making billions of small, coloured bricks every year has posted outstanding results for 2012.

February 15, 2013

It has been a week of mixed fortunes for family businesses, with Heineken and PPR riding high, Saputo treading water in its third quarter and Peugeot continuing to flounder. 

It has been a week of mixed fortunes for family businesses, with Heineken and PPR riding high, Saputo treading water in its third quarter and Peugeot continuing to flounder.

PPR
In the fashion world PPR, the French luxury goods firm that owns Gucci and Yves Saint Laurent among others, posted excellent annual results on 15 February.

The Pinault family-controlled company reported a net income rise of 6.3% to €1.4 billion, while revenues jumped 20.8% to €9.7 billion.

February 11, 2013

Bad weather and austerity have taken their toll on Loews and ArcelorMittal, with the family businesses reporting losses in the last quarter. But family-controlled News Corp and Douglas Holdings have fared better. 

Bad weather and austerity have taken their toll on Loews and ArcelorMittal, with the family businesses reporting losses in the last quarter. But family-controlled News Corp and Douglas Holdings are faring better.

Loews Corp
Loews, the US conglomerate controlled by Tisch family, reported a multi-million loss in its fourth quarter on 11 February, linked to catastrophe losses at CNA Financial, its insurance division, due to Hurricane Sandy.

February 5, 2013

Family businesses in Europe and the US have been reflecting on 2012 – with encouraging results reported by Luxottica, Ferragamo, LVMH and Paccar. Meanwhile, Estee Lauder posted strong sales for its second quarter.

Family businesses in Europe and the US have been reflecting on 2012 – with encouraging results reported by Luxottica, Ferragamo, LVMH and Paccar. Meanwhile, Estee Lauder posted strong sales for its second quarter.

January 30, 2013

More financial results have come in for 2012, with the profits of family-controlled H&M, Fiat and Ford buffeted by Europe's continuing economic problems. Meanwhile, Associated British Foods – run by the Westons – had a strong start to 2013.

More financial results have come in for 2012, with the profits of family-controlled H&M, Fiat and Ford buffeted by Europe's continuing economic problems. Meanwhile, Associated British Foods – run by the Westons – had a strong start to 2013. 

January 23, 2013

The latest results show 2012 was a good year for many European family businesses; secretive Ikea published strong results, and luxury groups Richemont, Swatch and Remy Cointreau also reported encouraging figures. But German-based Metro Group and Douglas Holding had to fight for growth in the household goods market.

The latest results show 2012 was a good year for many European family businesses; secretive Ikea published strong results, and luxury groups Richemont, Swatch and Remy Cointreau also reported encouraging figures. But German-based Metro Group and Douglas Holding had to fight for growth in the household goods market.

Ikea
Swedish giant Ikea Group published its 2012 financial results on 23 January – only the fourth time it has published results in its 70-year history.

November 14, 2012

From carmaking to media and construction, family businesses around the world are seeing significant growth in revenues and profit, with the Moller-Maersk Group, BMW and MasTec all reporting good results. But things aren't looking as bright for family-controlled commodities trader Louis Dreyfus.

From carmaking to media and construction, family businesses around the world are seeing significant growth in revenues and profit, with the Moller-Maersk Group, BMW and MasTec all reporting good results. But things aren't looking as bright for family-controlled commodities trader Louis Dreyfus.

November 1, 2012

Family businesses in North America appear to be battling the ongoing economic turmoil well, with three companies reporting growth in revenues and profits.

Family businesses in North America appear to be battling the ongoing economic turmoil well, with three companies reporting growth in revenues and profits.

Cosmetics giant Estee Lauder, majority owned by the founding family, said on 1 November that revenues for the first fiscal quarter ending 30 September rose by 3% to $2.55 billion (€2 billion).

Net earnings at the New York-based group also rose to $312 million – an 11% increase.

October 31, 2012

Economic woes are no doubt having an impact on the performance of family businesses around the world, but some companies are posting figures that are simply poles apart.

Economic woes are no doubt having an impact on the performance of family businesses around the world, but some companies are posting figures that are simply poles apart.

ArcelorMittal, the family-controlled steel and mining company, said sales fell to $19.7 billion (€15.1 billion) for the third quarter of 2012, from $24.2 billion for the same period last year.

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