Vimeo
LinkedIn
Instagram
Share |

results

February 17, 2012

French family business PPR has announced strong results this week, boosted by its luxury division, but Greece’s Coca-Cola Hellenic has seen its profit plummet by 28%. 

French family business PPR has announced strong results this week, boosted by its luxury division, but Greece’s Coca-Cola Hellenic has seen its profit plummet by 28%.

PPR, the luxury and retail group controlled by the Pinault family, said revenues jumped 11.1% in 2011 to €12.2 billion, from €11.01 billion in 2010.

February 10, 2012

Two American businesses with strong family links have reported disappointing results – and both are predicting the first few months of 2012 will be difficult for their companies. 

Two American businesses with strong family links have reported disappointing results – and both are predicting the first few months of 2012 will be difficult for their companies.

Thomson Reuters, controlled by members of the Thomson family, reported a fourth-quarter loss, because of a $3 billion (€2.27 billion) non-cash goodwill impairment charge related to its financial services business.

February 9, 2012

It's been a mixed week for family businesses across the world, with News Corporation and Hermes posting strong results, while ArcelorMittal has seen its profits fall. 

It's been a mixed week for family businesses across the world, with News Corporation and Hermes posting strong results, while ArcelorMittal has seen its profits fall.

New York-based News Corp, the media conglomerate which is 40% controlled by Rupert Murdoch and his sons, said profits jumped 65% during its second quarter to 31 December, increasing to $1.06 billion (€800 million) from $642 million during the same period the previous year.

February 7, 2012

The family behind holding company Loews Corporation would prefer to buy back shares of the family business rather than pursue acquisitions, in the wake of falling revenues and profits at the American group.

The family behind holding company Loews Corporation would prefer to buy back shares of the family business rather than pursue acquisitions, in the wake of falling revenues and profits at the American group.

That’s according to family member James Tisch, chief executive and president of Loews, whose operations span property, insurance, hotels, oil and gas.

February 2, 2012

Quick decision-making with an eye on long-term success has helped family-controlled companies around the world to flourish, as proven this week with two family businesses reporting strong results.

Quick decision-making with an eye on long-term success has helped family-controlled companies around the world to flourish, as proven this week with two family businesses reporting strong results.

January 26, 2012

Last year was a tumultuous time for markets on the back of fears of a second recession, but some family businesses look to have weathered 2011 remarkably well, reporting record revenues and profits.

Last year was a tumultuous time for markets on the back of fears of a second recession, but some family businesses look to have weathered 2011 remarkably well, reporting record revenues and profits.

Take for example the Bosch Group, the German car parts supplier controlled by descendants of the founding family. Revenues at the Stuttgart-based family business exceeded €50 billion for the very first time last year, according to preliminary figures released by the company this week.

January 19, 2012

French family business Remy Cointreau looks set for a double-digit rise in full-year turnover, after posting an 18.2% increase in sales for the first nine months of fiscal 2011/2012. 

French family business Remy Cointreau looks set for a double-digit rise in full-year turnover, after posting an 18.2% increase in sales for the first nine months of fiscal 2011/2012.

The Paris-based company, which is behind brands such as Remy Martin cognac, reported revenues of €821 million for April to December 2011.

January 11, 2012

Dramatic profit rises or falls are relatively uncommon in family businesses thanks to their long-term approach, but two family-controlled businesses have gone against the grain this week, reporting results at the opposite ends of the spectrum. 

Dramatic profit rises or falls are relatively uncommon in family businesses thanks to their long-term approach, but two family-controlled companies have gone against the grain this week, reporting results at the opposite ends of the spectrum.

In Europe, watchmaker Swatch Group, controlled by the Hayek family, said on 10 January that sales reached a record high of CHF7.14 billion (€5.89 billion) last year, up 21.7% at constant rates compared to 2010 figures.

December 1, 2010

Remy Cointreau, the family-owned drinks company, has seen profits decline drastically for the first half as its Metaxa spirit suffered from Greece’s debt crisis.

Remy Cointreau, the family-owned drinks company, has seen profits decline drastically for the first half as its Metaxa spirit suffered from Greece's debt crisis.

Remy Cointreau's group net profit for the six months ending 30 September 2010 stood at €14.1 million, a 65% decrease on last year's €39.8 million. In a statement the group said the decline was "principally due to the highly unfavourable impact of the decline in Metaxa's sales in Greece."

Click here >>
Close