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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%.

October 30, 2015

Volkswagen posts its first quarterly loss in more than 15 years; Vincent Bolloré plans to IPO West African train project; and Samsung compensates workers in hazardous conditions claim

Emissions scandal forces Volkswagen’s first loss in 15 years
Family-controlled carmaker Volkswagen has posted its first quarterly loss in more than 15 years due to €6.7 billion ($7.38 billion) of charges it has set aside to cover costs after it admitted rigging diesel emission tests.
Controlled by the third generation of the Piech family, Volkswagen admitted last month it deliberately tampered with thousands of its cars’ emission testing software to deceive US environmental authorities.

June 26, 2013

Family business should not be confused with small business in the US

Size matters in the US, which is home to some of the world’s biggest family businesses. The country’s five largest family-controlled firms – Walmart, Ford, Cargill, Koch Industries and Comcast – had combined revenues of $911.9 billion (€694.8 billion) in 2012, more than Indonesia’s GDP.

May 10, 2012

The decision by Exor, the company behind Italian carmaker Fiat, to nominate Samsung heir Lee Jae-yong to its board is “linked” to chairman John Elkann’s “clear determination to develop close relationships” with other family businesses.

The decision by Exor, the company behind Italian carmaker Fiat, to nominate Samsung heir Lee Jae-yong to its board is “linked” to chairman John Elkann’s “clear determination to develop close relationships” with other family businesses.

January 10, 2011

Samsung Electronics Company, a part of family-controlled Korean conglomerate Samsung Group, has been ranked second for the number of patents received in 2010, according to research done by IFI Claims Patent Services.

Samsung Electronics Company, a part of family-controlled Korean conglomerate Samsung Group, has been ranked second for the number of patents received in 2010, according to research done by IFI Claims Patent Services.

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