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February 19, 2020

Walmart is disappointed with festive consumer spending and Asda but online sales up 35%, JCB cuts UK production as the coronavirus hits Chinese suppliers, and fifth-generation US newspaper dynasty McClatchy Co files for bankruptcy.

Walmart disappointed with festive consumer spending and Asda but online sales up 35%.

Walmart, the world’s biggest family business with $524 billion in revenue and an economic bellwether, says holiday sales were weaker than anticipated despite online sales jumping 35% in the fiscal year.

October 2, 2019

JCB digs into record sales against softening markets, IKEA assembles 5% increase in sales after transformation, American, Chinese sales help brew 39% profit for illycaffe.

JCB digs into record sales against softening markets

Bamford family-controlled manufacturer JCB says growth has stalled, especially in its biggest market India, despite sales increasing by almost a quarter last year.

September 10, 2015

For decades, wealthy European families have been deploying part of their capital into infrastructure – and often directly into assets. 

For decades, wealthy European families have been deploying part of their capital into infrastructure – and often directly into assets. 

May 22, 2015

Korean Air third-gen Heather Cho freed; JCB boss backs Brexit; and Sika founding family sues directors

Korean Air third-gen Heather Cho freed

Former Korean Airlines executive Heather Cho has been released from jail after an appeals court ruled she did not violate aviation safety laws when she forced a plane to return to its gate because she felt her macadamia nuts were incorrectly served.

May 15, 2015

DMCI secures Philippine Skyway Stage 3 contact; JCB donates diggers to Nepal relief effort; and Todd Corporation digs deep to acquire Pilbara mine

DMCI secures Philippine Skyway Stage 3 contact

Philippine infrastructure conglomerate DCMI, owned by the Consunji family, has agreed to build part of the Metro Manila Skyway after being awarded a 32-month contract.

In a disclosure to the Philippine Stock Exchange, DMCI Holdings announced it would build sections one and two of the extension part of the project, which will provide the finishing touches on the Philippines' first fully elevated highway.

July 25, 2013

When they start a business, many people naturally give it there own name. It suggests solidarity and trustworthiness, and helps a lot in meetings. But is there a moment when it's no longer desirable to be inextricably tied to your family's business?

Earlier this year the French luxury group Pinault-Printemps-Redoute changed its name to Kering. In doing so, it took big step – it shed the family name. The decision to do so was taken by the chairman and CEO, Francois-Henri Pinault, who is the son of the business’s founder (the Printemps and Redoute are from various takeovers). Pinault cited perfectly sound business reasons for the rebranding – chief among them that only 5% of the group’s sales now come from France. Nonetheless, this is a Rubicon many family businesses would struggle to cross.

June 10, 2013

The winners of the Families in Business Awards, in association with Societe GenPrivateBanking, are soon to be announced, so take a look at the achievements of CampdenFB's shortlisted candidates. 

The award ceremony will take place on 11 June, at the Cercle National des Armées, in Paris.
 

The winners of the Families in Business Awards, in association with Societe Generale Private Banking, are soon to be announced, so take a look at the achievements of CampdenFB's shortlisted candidates.

The award ceremony will take place tomorrow, 11 June, at the Cercle National des Armées, in Paris.

 

 

April 19, 2013

A number of European family businesses post good results, including Remy Cointreau and LVMH. But profits take a hit at Exor.

A number of European family businesses post good results, including Remy Cointreau and LVMH. But profits take a hit at Exor.

Remy Cointreau
Remy Cointreau – controlled by the Heriard Dubreuil family – said revenue was up 16.3% to €1.2 billion in its financial year the end of March. It is its second year in a row of double-digit growth, after achieving revenue growth of 13% in fiscal 2011.

March 11, 2013

Religious-based family firms were common in the west in the 19th century, and with 
the rise of the new economies faith is once again driving businesses.

If you stick around long enough, most things will come back into fashion. Until recently, the family-owned firm with a religious ethos would be regarded in fashionable western business schools as vaguely 19th century, conjuring images of earnest Quakers in sober attire, building model villages and fretting over the character of the working man.

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