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December 7, 2017

Mars moves in on healthy snacks by investing in Kind, VW expects record sales despite emissions scandal, and which cities contain the most ultra-highnet worth people?

Mars moves in on healthy snacks

Mars, famous for its sweet treats, has invested in a $4 billion healthy snack maker, as it diversifies in the face of growing hostility towards sugar-laden foods.

The terms of the deal, which saw Mars acquire a minority stake in Kind, were not disclosed. The Financial Times quoted “people familiar with the matter” as saying Kind had a value of $4 billion and turned over $700 million a year.

August 3, 2017

Richard Branson sells majority stake in Virgin Atlantic, 'Dividend darling' Akka's revenue up 21%, and Pharmaceutical entrepreneur Raymond Sackler dies

Richard Branson sells majority stake in Virgin Atlantic

Richard Branson is to loosen his grip on Virgin Atlantic, selling 31% of the company to Air France-KLM for $291 million(£220 million).

The billionaire, whose flamboyance is synonymous with the Virgin brand, would retain a 20% interest, with US carrier Delta controlling the remaining 49%.

June 7, 2017

Lidl new catwalk for Heidi Klum; EasyJet founder pledges half his fortune; and Ralph Lauren appoints new chief executive

Lidl new catwalk for Heidi Klum

Model Heidi Klum has chosen the aisles of Lidl as her next catwalk, launching a fashion line in conjunction with the discount supermarket.

The range will be released in the chain’s 650 UK and 9000-plus European stores this autumn.

February 28, 2014

Lego's annual results for 2013 have seen it become the world's most profitable toymaker – just a decade after the Danish family firm was teetering on the edge of bankruptcy.  

Lego's annual results for 2013 have seen it become the world's most profitable toymaker – just a decade after the Danish family firm was teetering on the edge of bankruptcy.

Its revenue increased by 10% to DKK 25.4 billion (€3.4 billion), while net profit grew 9% to DKK 6.1 billion – beating nearest rival Mattel, maker of Barbie, by 25%. Mattel's net profit was $904 million (€654.8). 

July 25, 2013

Big family businesses Loblaw and Swatch reported comfortable growth for the first half of 2013 – although Swatch had a tough act to follow after last year's stellar results.
 

Big family businesses Loblaw and Swatch reported comfortable growth for the first half of 2013 – although Swatch had a tough act to follow after last year's stellar results.

Loblaw
The Weston family's Canadian grocery chain, Loblaw, announced revenues of CAD$7.5 billion (€5.5 billion) for the second quarter of 2013 – an increase of 2% compared to the same period last year – and a 14.1% increase in net earnings to CAD$178 million.

April 12, 2012

Despite tough market conditions, three family businesses from different parts of the world have posted relatively strong quarterly and annual results this week.

Despite tough market conditions, three family businesses from different parts of the world have posted relatively strong quarterly and annual results this week.

European pharmaceutical giant Roche, controlled by the founding family, saw sales for the first quarter of 2012 fall by 1% to CHF11 billion (€9.15 billion) due to the strength of the Swiss franc. However, revenues at constant exchange rate rose by 2%, the Basel-based company said on 12 April.

February 17, 2012

French family business PPR has announced strong results this week, boosted by its luxury division, but Greece’s Coca-Cola Hellenic has seen its profit plummet by 28%. 

French family business PPR has announced strong results this week, boosted by its luxury division, but Greece’s Coca-Cola Hellenic has seen its profit plummet by 28%.

PPR, the luxury and retail group controlled by the Pinault family, said revenues jumped 11.1% in 2011 to €12.2 billion, from €11.01 billion in 2010.

February 15, 2012

Automobile-manufacturer Peugeot Citroen has been dragged down by loss in its core division while Dutch brewery Heineken has taken advantage of the booming emerging markets to offset decline in Europe.

Two European family businesses have reported contrasting results for 2011 – while automobile-manufacturer Peugeot Citroen has been dragged down by loss in its core division, Dutch brewery Heineken has taken advantage of the booming emerging markets to offset decline in Europe.

September 1, 2011

Manchester United, the British football club owned by the Glazer family, made a record operating profit of £110 million last season, buoyed by higher match day and media revenues, as well as new sponsorship money.

Manchester United, the British football club owned by the Glazer family, made a record operating profit of £110 million (€124.69) last season, buoyed by higher match day and media revenues, as well as new sponsorship money.

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