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Bosch

February 3, 2017

LVMH to a grip on eyewear market with Marcolin deal; Volkswagen overtakes Toyota as top company, despite cheating scandal; and Bosch pays $330 million compensation in VW cheating scandal

LVMH to focus on eyewear market with Marcolin deal

French family-owned luxury giant LVMH have taken a 10% stake in spectacle maker Marcolin as it looks to tighten its grip on the eyewear market.

The news comes just one week after another family-owned eyewear group, Luxottica, and its French rival Essilor agreed to a €46 billion ($49 billion) merger to combat increasing competition from large luxury players, such as LVMH.

August 26, 2016

Lawyers Say Bosch colluded on Volkswagen emission scandal; Nintendo strengthens supply chain with Jesnet acquisition; and Maersk to cut fleet and crew

Lawyers Say Bosch colluded on Volkswagen emission scandal

German family business Bosch, one of Europe’s largest companies by revenues, has been accused of colluding with Volkswagen over the emissions cheating scandal in amended court filings.

July 14, 2016

Founded in 1886, Bosch has grown to become one of the largest multinational engineering and electronics companies in the world. The Gerlingen-headquartered firm had revenues of €70.6 billion ($80.5 billion) in 2015.

Founded in 1886, Bosch has grown to become one of the largest multinational engineering and electronics companies in the world. The Gerlingen-headquartered firm had revenues of €70.6 billion ($80.5 billion) in 2015.

 

 

FAMILY

October 25, 2012

German family business Bosch, one of Europe’s largest companies by revenues, has been accused of stealing secret technology from a UK rival, but has denied the allegations.

German family business Bosch, one of Europe’s largest companies by revenues, has been accused of stealing secret technology from a UK rival, but has denied the allegations.

British appliance group Dyson has filed legal proceedings, claiming Bosch – a manufacturing and engineering firm – placed a mole in its company, who has allegedly been passing on secrets to Bosch for up to two years.

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.

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.

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 28, 2010

The release of full year financial statements by some of the world’s largest family companies reveal a diverse range of fortunes for both the businesses and their founding families.

The release of full year financial statements by some of the world's largest family companies reveal a diverse range of fortunes for both the businesses and their founding families.

Ford, the family-controlled automaker, today posted better-then-expected full year results, recording a pre-tax operating profit of $454 million – its first for four years. This figure represented a $7.3 billion improvement on last year's losses which totalled nearly $15 billion. 

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