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remy martin

April 24, 2012

Much of Europe might be experiencing austerity, but some family businesses are reporting strong growth.

Much of Europe might be experiencing austerity, but some family businesses are reporting strong growth.

A German family-owned pharmaceutical company, Boehringer Ingelheim, said on 24 April that revenues for 2011 rose by 6.2% to €13.2 billion.

Much of this growth was due to the sale of prescription medicines, which accounted for 77% of total turnover, said the Ingelheim-based group.

December 1, 2010

Remy Cointreau, the family-owned drinks company, has seen profits decline drastically for the first half as its Metaxa spirit suffered from Greece’s debt crisis.

Remy Cointreau, the family-owned drinks company, has seen profits decline drastically for the first half as its Metaxa spirit suffered from Greece's debt crisis.

Remy Cointreau's group net profit for the six months ending 30 September 2010 stood at €14.1 million, a 65% decrease on last year's €39.8 million. In a statement the group said the decline was "principally due to the highly unfavourable impact of the decline in Metaxa's sales in Greece."

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