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Cornwall, in the south-west of England, is known for its rugged coastal beauty, pasties and the pirates of Penzance. But, despite its appeal, the peninsula is one of the country’s poorest regions. That’s why family businesses like Seasalt, which makes clothes reflecting Cornish heritage, are crucial for the health of the local economy.
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Family businesses in the luxury sector have once again defied the wider economic gloom with Swiss group Richemont posting a 50% rise in profits, while a number of European firms in other sectors have had a difficult first quarter.
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High net worth individuals in Malaysia, India, Indonesia and Thailand are not just the happiest in Asia, they are also confident of tripling their fortunes within the next 10 years.
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From Campari to Ferragamo, a number of family businesses across the world have seen their revenues grow during the first quarter of the year, while Canadian train and plane maker Bombardier has seen its sales nosedive.
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Investment firm Vulpes Investment Management wants to raise up to $150 million (€115.9 million) to increase its agricultural investments across the world.
Berkshire Hathaway investors are happy for succession plans at the company to remain a board secret, despite Warren Buffett’s age and recent prostate cancer diagnosis.