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América Móvil

February 18, 2019

The Mexican economy may long have had difficulties in achieving brisk growth, but that has not stopped the nation’s largest family businesses from forging ahead and, in some cases, becoming world leaders. Daniel Bardsley takes a look at this land of extremes and where families fit in

The family business dominates the Mexican economic landscape—an often-used motto in the country is “You trust your blood”—but few nations have such a gaping divide between the large and the small.

At one extreme, Mexico has millions of under-the-radar micro-businesses keen to avoid the attentions of the tax collectors, while at the other it plays host to corporate family-controlled giants that are at the global cutting edge.

November 21, 2016

A first-ever study of more than 1,000 Latin American family businesses across eight countries has turned up many challenges to tackle, from succession planning to gender balance. Guillermo Salazar, founder of Exaudi Family Business Consulting, outlines its key findings

A first-ever study of more than 1,000 Latin American family businesses across eight countries has turned up many challenges to tackle, from succession planning to gender balance. Guillermo Salazar, founder of Exaudi Family Business Consulting, outlines its key findings

November 18, 2016

New Henkel CEO to boost investments; America Movil CFO to hike dividends; and Walmart's Q3 hammered in the UK

New Henkel CEO to boost investments

German consumer goods maker Henkel AG & Company, led by the Henkel family since 1876, said it plans to increase spending in order to promote its top brands in emerging markets.   

According to new chief executive Hans van Bylen, who took over in May, the group will invest as much as €3 billion ($3.2 billion) in the next four years.

October 14, 2016

Sky investors vote against James Murdoch’s reappointment; América Móvil to invest $600m in Dominican Republic; and BMW and Toyota invest in data gathering company

Sky investors vote against James Murdoch’s reappointment

James Murdoch, the younger son of billionaire Rupert Murdoch, has suffered a shareholder backlash at Sky after more than half of the UK media company's independent shareholders voted against his reappointment as chairman.

September 22, 2016

Transport giant Maersk to split its shipping, energy operations; Les Mills International moves headquarters to Chicago; and América Móvil eyes acquisition of Brazilian rival Oi

Transport giant Maersk to split its shipping, energy operations

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, is splitting its container shipping and energy operations into two independent entities as part of a historic shake-up.

Rocked by low shipping and oil prices, the Copenhagen-based group said the transport and logistics division will handle its shipping and container business, while the energy spin off will handle oil production and drilling.

August 28, 2013

America Movil backs sweetened Telefonica deal, Charoen Sirivadhanabhakdi looks to reduce debt with IPO, Pritzker Organization takes timber services company private, Maple Leaf Foods sells biodiesel and rendering business, and the Bettencourts rule out a L'Oreal sale.

America Movil backs sweetened Telefonica deal, Charoen Sirivadhanabhakdi looks to reduce debt with IPO, Pritzker Organization takes timber services company private, Maple Leaf Foods sells biodiesel and rendering business, and the Bettencourts rule out a L'Oreal sale.

America Movil
Telefonica has received the support of Dutch telecommunications company KPN’s biggest investor, America Movil, to acquire its German mobile unit E-Plus.

August 22, 2013

America Movil secures funding for KPN, Rupert Murdoch invests in alternative media group, Boehringer Ingelheim breaks ground on animal pharmaceuticals plant in China, and Hutcinson Whampoa receives preliminary bids for supermarket chain.

America Movil secures funding for KPN, Rupert Murdoch invests in alternative media group, Boehringer Ingelheim breaks ground on animal pharmaceuticals plant in China, and Hutcinson Whampoa receives preliminary bids for supermarket chain.

America Movil
America Movil said it had secured funding for a €7.2 billion bid to further its stake in Dutch telecom company Royal KPN.

August 19, 2013

British pharmaceutical company leaves founding family’s hands, Carlos Slim launches new satellite, L’Oreal bids for Chinese business, and James Packer has high hopes for his gambling empire’s expansion into Japan.

British pharmaceutical company leaves founding family’s hands, Carlos Slim launches new satellite, L’Oreal bids for Chinese business, and James Packer has high hopes for his gambling empire’s expansion into Japan.

August 12, 2013

Wal-Mart mulls buyout of one of several family-owned supermarkets in Kenya; and America Movil moves to buy remaining shares in Royal KPN.

Wal-Mart mulls buyout of one of several family-owned supermarkets in Kenya; and America Movil moves to buy remaining shares in Royal KPN.

Massmart
South Africa’s Massmart Holdings, a unit of Wal-Mart, is considering the buyout of one of several family-owned retailers in Kenya, as it tries to make inroads into the African nation.

According to Nairobi-based newspaper Business Daily, Naivas, Tuskys and Nakumatt, the family-owned businesses that dominate the sector, are the main targets for the food and household-goods retailer.

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