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Germany

November 14, 2016

Taking a business from one horse-drawn cart to an international logistics firm is no easy task, but that is exactly what Germany’s Fiege family has accomplished over five generations. Michael Finnigan talks to its next-generation leaders about the long haul

Taking a business from one horse-drawn cart to an international logistics firm is no easy task, but that is exactly what Germany’s Fiege family has accomplished over five generations. Michael Finnigan talks to its next-generation leaders about the long haul

To some the origins of Fiege might sound like the classic 1980s British sitcom Only Fools and Horses: an entrepreneurial farmer-cum-businessman fixes a rickety cart to one of his horses in the hope his new “transportation business” will make him a millionaire.

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

June 23, 2016

Being the largest national economy in Europe is a mixed blessing for Germany, especially now that sweeping changes are coming for the country’s family businesses. Michael Finnigan takes a look

Being the largest national economy in Europe is a mixed blessing for Germany, especially now that sweeping changes are coming for the country’s family businesses. Michael Finnigan takes a look

August 1, 2014

German family businesses are feeling the pinch from Russia’s confrontation with the West, particularly carmaker Volkswagen, who has reported an 8% year-on-year decrease in Russian sales. 

German family businesses are feeling the pinch from Russia’s confrontation with the West, particularly carmaker Volkswagen, who has reported an 8% year-on-year decrease in Russian sales.

With further sanctions on the horizon, Volkswagen, controlled by the Piech family, is just one of approximately 6,000 German family businesses operating in Russia that are expected to suffer from the incoming “level three” sanctions.

July 28, 2014

British multi family office LJ Group has allocated €100 million to an affordable student housing venture in Germany, already acquiring its first property in Berlin’s inner city. 

British multi family office LJ Group has allocated €100 million to an affordable student housing venture in Germany, already acquiring its first property in Berlin’s inner city.

The 30-year-old multi family office, which advises over $50 billion of assets, has partnered with Cresco Capital Group for the Cresco Urban Yurt venture.

 Their first purchase in the student housing venture is a €60 million redevelopment of an aging building on Frankfurter Tor.

July 22, 2014

The reclusive co-founder of the Aldi discount supermarket chain, Karl Albrecht, has died in his hometown of Essen, Germany, aged 94. 

The reclusive co-founder of the Aldi discount supermarket chain, Karl Albrecht, has died in his hometown of Essen, Germany, aged 94.

Albrect passed away almost a week ago but the company only confirmed his death yesterday, after his funeral took place.

December 6, 2013

Germany’s Merck bulked up its materials and specialty chemicals business with purchase of high-tech electronic materials company and George Soros bought into Australia’s Nine Entertainment’s IPO.

Germany’s Merck bulked up its materials and specialty chemicals business with purchase of high-tech electronic materials company and George Soros bought into Australia’s Nine Entertainment’s IPO.

Merck
German pharmaceuticals and chemicals business Merck, which is 70% owned by the eponymous founding family, is to buy Britain's AZElectronic Materials for £2.6 billion (€3.1 billion).

October 16, 2013

Hans Riegel, the second-generation head of German family confectionary firm Haribo – renowned for its colourful ‘gummi bear’ sweets – has died at the age of 90.

Hans Riegel, the second-generation head of German family confectionary firm Haribo – renowned for its colourful ‘gummi bear’ sweets – has died at the age of 90.

He had headed the family firm for almost 70 years, and still held the post of chief executive at the time of his death.

He had been convalescing following an operation to remove a benign brain tumour, but died of heart failure on Tuesday, in his hometown of Bonn in Germany.

September 19, 2013

The return of German chancellor Angela Merkel and the current coalition government at next week's general elections would be the best outcome for the nation's family firms, according to an organisation representing some of Germany's largest family-run companies.

The return of German chancellor Angela Merkel and the current coalition government at next week's general elections would be the best outcome for the nation's family firms, according to an organisation representing some of Germany's largest family-run companies.

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