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September 6, 2011

Family-owned shoemaker Clarks saw a strong rise in pre-tax profits and sales, as the company consolidates its position in the European and US markets. 

Family-owned shoemaker Clarks saw a strong rise in pre-tax profits and sales, as the company consolidates its position in the European and US markets.

Clarks’ profits increased above the £100 million (€113.8 million) mark in its last financial year up to end of March 2011, according to accounts filed at Companies House and seen by the Sunday Times.

February 4, 2011

Family-controlled Hermes will be relieved that it notched up a 25% growth in sales in 2010 as it will bolster its defence from the predatory arch rival LVMH.

Family-controlled Hermes will be relieved that it notched up a 25% growth in sales in 2010 as it will bolster its defence from the predatory arch rival LVMH.  

In a statement, the Paris-based company said that full-year sales increased to €2.4 billion from €1.9 billion the previous year. The growth was attributed to strong business in all regions, with sales in America and Europe recording growth of 25% and 16% respectively.

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. 

August 27, 2010

Fairfax Media, the Sydney-based publishing and broadcasting company, announced a return to profit in the last year when it released its financial results on 27 August.

Fairfax Media, the Sydney-based publishing and broadcasting company, announced a return to profit in the last year when it released its financial results on 27 August.

Fairfax made a profit after tax of AUD$282 million (€197 million) for the year ending June 2010, compared with a loss of AUD$380 million for the same period in 2009. The company also said it has reduced its net debt by AUD$347 million.

August 9, 2010

Bill Ford, executive chairman of family-controlled carmaker Ford, last week sold 3.4 million common shares and stock options in the company, worth around $28 million.

Bill Ford, executive chairman of family-controlled carmaker Ford, last week sold 3.4 million common shares and stock options in the company, worth around $28 million. 

He also received his first wage in five years, according to an email to Ford employees reported in the Wall Street Journal. Ford (pictured) pledged he would forgo his salary until the company was once again in a strong financial situation.

July 21, 2010

Jörn Rausing, one of the heirs to the Tetra Pak fortune, has made a tidy sum from one of the few initial public offerings on the London Stock Exchange this year.

Jörn Rausing, one of the heirs to the Tetra Pak fortune, has made a tidy sum from one of the few initial public offerings on the London Stock Exchange this year.
 
Rausing is thought to have made around £50 million from his initial 7% stake in Ocado, the groceries delivery firm, when it listed in London today. This initial stake cost Rausing around £15 million when he bought the shares back in 2003.
 

May 14, 2010

The Ford family, who control the US-based automaker of the same name, retained their multiple voting shares through which they control the business at the company’s annual shareholder meeting yesterday

The Ford family, who control the US-based automaker of the same name, retained their multiple voting shares through which they control the business at the company's annual shareholder meeting yesterday.
 
The proposal to reconsider the two-tier share system was put forward by activist investor Ray Chevedden and was rejected by a 70.8% majority. This is the sixth year in which the resolution has been voted on and this year saw it gain the most support so far with 29.2%.
 

November 3, 2009

Ford, the family-controlled automaker, announced it has returned to profit in Q3 2009 – the first time it has done so since Q1 2008.

Ford, the family-controlled automaker, announced it has returned to profit in Q3 2009 – the first time it has done so since Q1 2008.

February 13, 2008

Lakshmi Mittal, CEO of ArcelorMittal, has netted almost $2 billion as the steel giant announced record results in its first full year as a joint company.

Lakshmi Mittal, CEO of ArcelorMittal, has netted almost $2 billion as the steel giant announced record results in its first full year as a joint company. Net income soared 30% to $10.5 billion and sales grew to $105 billion – up from $88 billion the previous year.

The firm also announced that $4.4 billion would be returned to shareholders and with a 43% stake in the company, Mittal is set to earn $1.9 billion.

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