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December 16, 2010

Inditex Group, the fashion empire controlled by billionaire Amancio Ortega famous for the Zara clothing brand, announced 15 December a big profit rise.

Inditex Group, the fashion empire controlled by billionaire Amancio Ortega famous for the Zara clothing brand, announced 15 December a big profit rise. 

September 22, 2010

Inditex Group, the fashion empire controlled by billionaire Amancio Ortega famous for the Zara retail clothing brand, announced 22 September a 68% rise in first half profits for the world’s largest clothing retailer.

Inditex Group, the fashion empire controlled by billionaire Amancio Ortega famous for the Zara retail clothing brand, announced 22 September a 68% rise in first half profits for the world's largest clothing retailer.

Inditex recorded a net profit of €628 million for the first half of 2010 compared with €375 million for the same period last year. Revenues increased to €5.5 billion from €4.9 billion, a year-on-year growth of 14%.

August 17, 2010

Family-controlled fashion giant Hennes & Mauritz reported a 10% rise in July year-on-year sales, the fastest rise for sometime, as the clothing retailer plans further rapid expansion.

Family-controlled fashion giant Hennes & Mauritz reported a 10% rise in July year-on-year sales, the fastest rise for sometime, as the clothing retailer plans further rapid expansion.

The Swedish-based business, headed by the third generation of the founding Persson family, announced the results on 16 August, but gave few other details.

Overall, sales for July, including those at new stores, rose 21%, the fastest sales increase for the company in more than two years.

August 12, 2010

Luigi Lavazza SpA, the Italian coffee manufacturer owned by the founding Lavazza family, announced yesterday it plans to acquire a 7% share in US coffee company Green Mountain Coffee Roasters Inc for $250 million.

Luigi Lavazza SpA, the Italian coffee manufacturer owned by the founding Lavazza family, announced yesterday it plans to acquire a 7% share in US coffee company Green Mountain Coffee Roasters Inc for $250 million.

March 10, 2010

Rupert Murdoch, the family head of media empire News Corporation, announced yesterday that the company plans to expand its presence in the Middle East and base its operations there in Abu Dhabi.

Rupert Murdoch, the family head of media empire News Corporation, announced yesterday that the company plans to expand its presence in the Middle East and base its operations there in Abu Dhabi.
 
Speaking at the Abu Dhabi Media Summit, he said: "We will headquarter the Middle East operations for our global online advertising network business in Abu Dhabi."

September 3, 2009

Two Indian family businesses agreed last week one would acquire part of the other. The timing proved perfect for both Wockhardt and Fortis as each was facing growth-related difficulties, however other businesses should not take such risks, cautions Professor Kavil Ramachandran

Fortis Healthcare, the India-based family-controlled healthcare group, acquired 10 hospitals from the Wockhardt hospitals chain for $193 million last week. Wockhardt, another family business, sold at a price that was much lower than it had planned for a year ago at the time of a failed IPO. 

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