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moller-maersk group

June 7, 2013

Kering completes the sale of two of its Scandinavian businesses; two big shipping families make a deal; Vossloh may sell locomotives division. 

Kering completes the sale of two of its Scandinavian businesses; two big shipping families make a deal; Vossloh may sell locomotives division.

Kering
Kering, Francois-Henri Pinault's luxury goods group, has announced that its Redcats subsidiary has completed the sale of two of its Scandinavian brands – internet shopping brand Ellos and home textiles company Jotex – to private equity company Nordic Capital Fund VII.

May 17, 2012

Family businesses in the luxury sector have once again defied the wider economic gloom with Swiss group Richemont posting a 50% rise in profits, while a number of European firms in other sectors have had a difficult first quarter.

Family businesses in the luxury sector have once again defied the wider economic gloom with Swiss group Richemont posting a 50% rise in profits, while a number of European firms in other sectors have had a difficult first quarter.

Rupert family-controlled Richemont, which owns luxury brands such as Cartier and Piaget, said on 16 May that operating profits for the year ending 31 March increased by 51% to €2.04 billion.

March 1, 2012

Robert Maersk Uggla is 33 while Henry Cheng is 65 years old, but both next-gens, from different parts of the world, have made headlines this week for taking up top roles in their family businesses.

Robert Maersk Uggla is 33 while Henry Cheng is 65 years old, but both next-gens, from different parts of the world, have made headlines this week for taking up top roles in their family businesses.

Danish industrial conglomerate Moller-Maersk said on 29 February that fourth-generation Uggla has been appointed head of the family business’s tugboat subsidiary, Svitzer. Until now, Uggla was chief executive of the group’s tanker operations.

February 28, 2012

It’s been a good week for three of Europe’s biggest family businesses, although Denmark’s Moller-Maersk Group has been hit by “voltatile markets”.

It’s been a good week for three of Europe’s biggest family businesses, although Denmark’s Moller-Maersk Group has been hit by “voltatile markets”.

German carmaker Volkswagen said revenues jumped 25.6% to €159.34 billion in 2011, from €126.88 billion in 2010.

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