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March 1, 2019

The Danish family-owned toy giant Lego Group will build on its return to growth after a two-year slump by accelerating expansion in China, India and the Middle East.

The Danish family-owned toy giant Lego Group will build on its return to growth after a two-year slump by accelerating expansion in China, India and the Middle East.

March 6, 2018

Flat global sales and corporate streamlining are behind an 8% drop in revenue for 2017, the Danish family owned Lego Group announced today.

Flat global sales and corporate streamlining are behind an 8% drop in revenue for 2017, the Danish family owned Lego Group announced today.

Revenue for the full year fell after more than a decade of strong growth to DKK 35 billion ($5.8 billion) from DKK 37.9 billion ($6.3 billion) in 2016. The decline came despite a Lego movie and Star Wars merchandise tie-ins and the royal opening of the Lego House family attraction last year.

August 25, 2017

AP Moller-Maersk is to sell its oil and gas assets to French firm Total for $7.45 billion, a decision the matriarch of the founding family described as “difficult, but right”.

AP Moller-Maersk is to sell its oil and gas assets to French firm Total for $7.45 billion, a decision the matriarch of the founding family described as “difficult, but right”.

The agreement follows an announcement late last year by Maersk that it would split its operations into two entities, one focussed on energy (Maersk Oil), the other on container shipping, ports and logistics (Maersk Line).

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.

July 21, 2016

Five of the world’s largest family businesses in the top 20 of the new Fortune Global 500 have seen their combined revenues slump by more than $74.5 billion compared to last year.

Five of the world’s largest family businesses in the top 20 of the new Fortune Global 500 have seen their combined revenues slump by more than $74.5 billion compared to last year.

The 2015 fiscal year impacted the bottom lines of Volkswagen, Toyota Motor, Samsung Electronics, and EXOR Group by almost 6% with not even Walmart, controlled by the Walton family, immune from sales falling for the first time, Fortune reported.

Berkshire Hathaway was the exception to the rule, with revenue up by more than 7%.

April 17, 2012

Family-owned machinery giant JCB has reported its best ever annual results, while a number of family businesses in Europe and Asia have seen their revenues increase in the first months of 2012.

Family-owned machinery giant JCB has reported its best ever annual results, while a number of family businesses in Europe and Asia have seen their revenues increase in the first months of 2012.

JCB, the British construction equipment manufacturer controlled by the Bamford family, said on 17 April that revenues jumped 37% in 2011 to £2.75 billion (€3.34 billion), from £2 billion in 2010. This was the company’s strongest result in its 66-year history.

February 3, 2011

Media giant News Corporation announced on 2 February that its revenues for the second quarter increased to $642 million from $254 million for the same period a year before, as it simultaneously launched its news publication created exclusively for the iPad.

Media giant News Corporation announced on 2 February that its revenues for the second quarter increased to $642 million from $254 million for the same period a year before, as it simultaneously launched its news publication created exclusively for the iPad.   

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