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Family business roundup: High spirits at Westfield but subdued at Cargill and Bombardier

August 15, 2012

The family behind shopping centre chain Westfield may be sitting pretty after reporting a big jump in earnings for the first half of this year, but the mood at family-controlled News Corp, Cargill and Bombardier will likely be subdued due to poor results.

Family business roundup: Estee Lauder, Ayala, SM post gains, Moller-Maersk raises profit forecast

August 14, 2012

It is turning out to be an upbeat period for family businesses with Estee Lauder, Ayala Corporation and SM Investments Corporation posting strong profit growth, while shipping giant AP Moeller-Maersk has raised its 2012 net profit forecast.

Family business roundup: Profits up at Tat Hong and ICTSI, down at Li & Fung

August 13, 2012

Despite growing fears of an economic slowdown in Asia, the week has started off well for family businesses ICTSI and Tat Hong, whose profits have significantly jumped. However, Li & Fung has not been as lucky as its operating profit fell and revenues increased only marginally.

Family Business Roundup: Prada, DKSH, UOB, Aboitiz, Campari post gains, profits down at Molson Coors

August 8, 2012

It’s been a week of ups and downs for family businesses as Singapore’s United Overseas Bank and the Philippines’ Aboitiz Equity Ventures registered half-yearly double-digit profit growth, while Prada, DKSH and Campari posted healthy revenue gains for the same period on the back of their Asian businesses.

Family business roundup: Mixed week for Li Ka-shing, but Toyota reports huge gains

August 3, 2012

It’s not been the best of weeks for Asian business magnet Li Ka-shing, whose flagship companies Cheung Kong and Hutchison Whampoa both reported mixed results, but a number of other family businesses, including Toyota, have fared better.

It’s not been the best of weeks for Asian business magnet Li Ka-shing, whose flagship companies Cheung Kong Holdings and Hutchison Whampoa both reported mixed results, but a number of other family businesses, including Toyota, have fared better.

At Cheung Kong, six-month revenues were 32% lower at HK$17.72 billion (€1.85 billion), compared to HK$26.1 billion during the same period last year. The company, controlled by Li and his family, blamed a slower-than-expected Chinese housing market.

Family business roundup: Porsche SE, BMW, Henkel post gains, mixed results at Fiat and AB InBev

August 1, 2012

Second-quarter and half-year 2012 results this week yielded highs and lows for family businesses as Porsche SE and BMW reported major gains while Loews and Saputo saw profits fall.

Second-quarter and half-year 2012 results this week yielded highs and lows for family businesses as Porsche SE and BMW reported major gains while Loews and Saputo saw profits fall. A number of family businesses, meanwhile, had mixed results, with Fiat posting healthy profits amidst declining sales in Europe and Anheuser-Busch InBev reporting increased revenues for the half year despite a decrease in sales volume.

Family Business Roundup: LVMH, L’Oreal, PPR, VW post gains, net income down at America Movil

July 27, 2012

It has been a good week for top European family businesses, as the continent’s biggest carmaker, Volkswagen, and leading French luxury conglomerates LVMH and PPR reported significant revenue growth for the first half of 2012.

LVMH, controlled by Bernard Arnault and his family, announced on 26 July half-yearly revenues of €13 billion, up 26% from €10.29 billion in the first six months of last year.

Family business roundup: Peugeot, Ford, ArcelorMittal, Paccar post falls, Swatch profits up

July 25, 2012

Global economic difficulties continued to exert pressure on a number of family businesses, with ArcelorMittal, Peugeot and Ford all reporting falls in revenues this week.

French carmaker and Europe’s second biggest automotive company Peugeot reported on 25 July a 5.1% decrease in its half-yearly results, down from €31.135 billion during the first six months of 2011 to €29.6 billion in 2012. Its automotive division reported a loss of €660 million, down 10%.

Family business roundup: Bosch buys another German company, while others go global

July 25, 2012

It has been a week of consolidations in the family business world – German firm Bosch is to acquire fellow family-owned Ampack, a Hong Kong group is eyeing a non-family company in the UK, while an Indian conglomerate wants to make its mark in Australia.

Family business roundup: Hermes, Liebherr up, Kuehne+Nagel posts fall

July 20, 2012

It has been a week of ups and downs for family businesses around the world, with some seeing a significant growth in revenues and others witnessing a decline.

Luxury goods-maker Hermes, famous for its silk scarves and Birkin bags, said on 19 July that sales for the quarter ending June 2012 increased by around 22% to €814.5 million.