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October 25, 2012

Tough trading conditions are continuing to take their toll on family businesses in Europe, with profits falling at Volkswagen and Santander. 

Tough trading conditions are continuing to take their toll on family businesses in Europe, with profits falling at Volkswagen and Santander.

Carmaker Volkswagen, which is controlled by the Porsche and Piech families, had a particularly tough third quarter, with operating profits falling to €2.3 billion – down 19% on the same period last year. It came on the back of a 26.8% rise in revenues during the quarter.

October 22, 2012

A broad mix of family businesses have reported strong results, with Indian conglomerate Tata, drinks company Remy Cointreau, pen-maker Schwan-Stabilo and industrial firm Trumpf all seeing rises in sales. 

A broad mix of family businesses have reported strong results, with Indian conglomerate Tata, drinks company Remy Cointreau, pen-maker Schwan-Stabilo and industrial firm Trumpf all seeing rises in sales.

In Asia, Tata, currently headed by family member and Indian business stalwart Ratan Tata, said its revenues for the year to March 2012 were $100.09 billion (€76.6 billion). The company saw a 20.1% rise in revenues to reach the $100 billion milestone for the first time.

October 15, 2012

It’s been a good start to the week for two family businesses in Europe, with logistics company Kuehne+Nagel and fashion retailer H&M posting revenue increases, while agricultural giant Cargill recently saw its profits grow by 300%.

It’s been a good start to the week for two family businesses in Europe, with logistics company Kuehne+Nagel and fashion retailer H&M posting revenue increases, while agricultural giant Cargill recently saw its profits grow by 300%.

Switzerland-based Kuehne+Nagel said on 15 October that revenues rose by 12.4% to CHF3.9 billion (€3.2 billion) during the quarter to 30 September. This was mainly thanks to good performances at the company’s seafreight and airfreight divisions.

October 8, 2012

Family-controlled fashion house Barbour’s saw its profit jump by more than 50% in 2011, while a number of other British family businesses have reported yearly revenue increases.

Family-controlled fashion house Barbour’s saw its profit jump by more than 50% in 2011, while a number of other British family businesses have reported yearly revenue increases.

In the UK, Barbour's, the fashion house famous for its iconic waxed coats, said its pre-tax profits jumped by 51% to £17 million (€21 million) in 2011.

October 1, 2012

From British car dealer Arnold Clark Automobiles to fashion retailers Hennes & Mauritz and Prada, a number of family businesses in Europe have recently posted positive financial results, while Italian carmaker Fiat has seen its sales in the continent drop. 

From British car dealer Arnold Clark Automobiles to fashion retailers Hennes & Mauritz and Prada, a number of family businesses in Europe have recently posted positive financial results, while Italian carmaker Fiat has seen its sales in the continent drop.

Glasgow-based Arnold Clark, which is controlled by the founding Clark family, said on 28 September that its 2011 profits rose by 2.4% to £51.7 million (€64.7 million), compared to £50.5 million in 2010.

September 14, 2012

The family behind Canada’s Empire Company has seen an increase in revenues for the first quarter of the fiscal year, while Germany’s Grunenthal has been buoyed by a huge rise in its half-yearly earnings. 

The family behind Canada’s Empire Company has seen an increase in revenues for the first quarter of the fiscal year, while Germany’s Grunenthal has been buoyed by a huge rise in its half-yearly earnings.  
 
Empire, the holding company controlled by the Sobey family, said on 13 September that sales for the three months ending 4 August rose by 9.7% to $4.56 billion (€3.5 billion).
 

August 31, 2012

It’s been an upbeat week for family businesses Lego and Hermes as strong consumer demand for their popular products boosted half-yearly sales and earnings.

It’s been an upbeat week for family businesses Lego and Hermes as strong consumer demand for their popular products boosted half-yearly sales and earnings. Meanwhile, media company Bertelsmann had mixed results for the same period, with healthy net profits but lower operating earnings.

August 30, 2012

It has been a week of contrasting fortunes for Italian family businesses as Exor’s half-yearly profits plummeted while Ferragamo’s rose significantly.

It has been a week of contrasting fortunes for Italian family businesses as Exor’s half-yearly profits plummeted while Ferragamo’s rose significantly. Meanwhile, France's Pernod Ricard reported an increase in full-year earnings and Malaysian investment group Genting Berhad posted lower quarterly profits.

August 29, 2012

Family businesses Bouygues and Antofagasta saw half-yearly profits fall this week, while cosmetics giant L’Oreal missed analyst earnings estimates for the same period.

Family businesses Bouygues and Antofagasta saw half-yearly profits fall this week, while cosmetics giant L’Oreal missed analyst earnings estimates for the same period. Meanwhile, Barnes & Noble managed to narrow losses for its fiscal first quarter.

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