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February 23, 2011

Family-controlled retail giant Walmart announced on 22 February that its sales for the fourth quarter had grown despite seeing a slowdown in its US home market.

Family-controlled retail giant Walmart announced on 22 February that its sales for the fourth quarter had grown despite seeing a slowdown in its US home market.

In a statement, the Arkansas-based retailer said that revenues rose by 2.5% to $115.6 billion while its profits increased by 27% for the fourth quarter. This rise was attributed to the company’s strong operations of Walmart International and Sam’s Club, while emerging markets too had seen a boost with every country contributing to an increase in sales.

January 24, 2011

Albert Heijn, the man responsible for turning his family’s Dutch grocery chain into the international retailing giant Royal Ahold, passed away on 13 January aged 83.

Albert Heijn, the man responsible for turning his family's Dutch grocery chain into the international retailing giant Royal Ahold, passed away on 13 January aged 83.

Heijn joined the family business in 1949 as a salesman, working his way up to become chief executive in 1962. The family business traces its roots back to 1887 when Heijn's grandfather started a grocery store in the Netherlands. Today, Ahold is among the biggest retail chains in the country with more than 800 outlets, and owns more than 3,000 supermarkets world-wide.

January 14, 2011

Ikea, the Swedish retailing giant owned by the Kamprad family, announced on 14 January that its net profit for 2010 had increased by 6.1% year-on-year, but said it plans to expand cautiously in 2011.

Ikea, the Swedish retailing giant owned by the Kamprad family, announced on 14 January that its net profit for 2010 had increased by 6.1% year-on-year, but said it plans to expand cautiously in 2011.

August 17, 2010

Family-controlled fashion giant Hennes & Mauritz reported a 10% rise in July year-on-year sales, the fastest rise for sometime, as the clothing retailer plans further rapid expansion.

Family-controlled fashion giant Hennes & Mauritz reported a 10% rise in July year-on-year sales, the fastest rise for sometime, as the clothing retailer plans further rapid expansion.

The Swedish-based business, headed by the third generation of the founding Persson family, announced the results on 16 August, but gave few other details.

Overall, sales for July, including those at new stores, rose 21%, the fastest sales increase for the company in more than two years.

August 3, 2010

The worldwide recovery in consumer spending helped to bolster the earnings of Metro AG, one of the world’s biggest family-controlled retailers.

The worldwide recovery in consumer spending helped to bolster the earnings of Metro AG, one of the world's biggest family-controlled retailers.
 
Metro reported earnings before interest and tax for the six months to the end of June rising to €369 million, from €302 million a year ago. Sales rose 2.4% to €31.2 billion. Non-family chief executive Eckhard Cordes said in a statement that Metro plans to rise capital spending to €2.1 billion in 2011, up from €1.9 billion this year.
 

May 4, 2010

Brazil’s largest family-owned retail businesses have become acquisition targets for multinational players. Rodrigo Amaral spoke exclusively to three key families to find out how they plan to keep their companies in family hands

Brazil's largest family-owned retail businesses have become acquisition targets for multinational players. Rodrigo Amaral spoke exclusively to three key families to find out how they plan to keep their companies in family hands. 

November 5, 2008

Family-owned department store Boscov’s, which filed for bankruptcy in August, has announced it is selling the majority of its assets to a family group led by Albert Boscov and his brother-in-law, Edwin Lakin.

Family-owned department store Boscov's, which filed for bankruptcy in August, has announced it is selling the majority of its assets to a family group led by Albert Boscov and his brother-in-law, Edwin Lakin. Boscov is the son of founder Soloman Boscov and former CEO of the company.
 

August 28, 2008

One of the founding families of Moss Bros, the 100-year British suit retailer, has all but sold out of the business following a reshuffle of the company’s board of directors.

One of the founding families of Moss Bros, the 100-year British suit retailer, has all but sold out of the business following a reshuffle of the company's board of directors.

Moss Bros has announced that Rowland Gee is stepping down from the company's board as non-executive director, leaving the Gee family stake at roughly 0.5%, down from 8%. The Moss family currently retains a stake of about 18%.

August 13, 2008

Family-owned Tata Group has joined forces with one of the world’s leading international retailers in a deal that will see the Indian conglomerate modernise its hypermarket business.

Family-owned Tata Group has joined forces with one of the world's leading international retailers in a deal that will see the Indian conglomerate modernise its hypermarket business.

Trent, the retail arm of the Tata Group, has agreed an exclusive franchise agreement with Tesco, the UK's leading retailer. Under the terms of the deal, Trent's Star Bazaar hypermarkets will be given access to Tesco's extensive retail expertise and technical capability including world class IT systems, processes and best practice management.

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