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February 19, 2019

How the Mexican billionaire Servitje family raised Grupo Bimbo into a multinational bakery product manufacturing giant that produces 13,000 products across 100 brands in 32 countries in less than 80 years.

FAMILY

From a humble family store to the world’s largest bakery company, the story of Mexico’s Grupo Bimbo almost has a Hollywood ring to it.

The company’s genesis can be traced back to the move from Spain to Mexico of Juan Servitje, who founded a bakery and retail outlet in his adopted home country in 1928.

February 9, 2017

Third-generation Saputo to succeed founding father; Slim and Servitje subsidiaries to launch ‘made-in-Mexico’ e-cars; Tata removes Mistry, set to install Chandrasekaran 

Third-generation Saputo to succeed founding father
Lino Saputo Jr is to succeed his father, Emanuele (Lino), as chairman of his family’s eponymously named dairy company - one of the top ten dairy processors in the world.

Currently chief executive and vice chairman, third-generation Saputo Jr will replace the founding chairman from 1 August and also retain his responsibilities as chief executive.

June 30, 2015

A few exceptions aside, what is striking about many of Canada's largest family businesses is that they are little known abroad. While these domestically-focused firms have been striving so far, it remains to be seen how they will perform if Canada's economy trips up.

Family businesses are key drivers of Canada’s economy, accounting for at least 45% of GDP, and numbering among them many of the country’s top firms, including global powerhouses such as Thomson Reuters and Bombardier.

April 10, 2015

Lino Saputo Jr has big plans for the Australian dairy industry, with the $134 million acquisition last month of Victoria’s Lion Dairy group -- the maker of Coon, Cracker Barrel and other well-known local cheese brands -- likely to be just another small step in his family’s overall growth strategy.

Lino Saputo Jr has big plans for the Australian dairy industry, with the $134 million acquisition last month of Victoria’s Lion Dairy group -- the maker of Coon, Cracker Barrel and other well-known local cheese brands -- likely to be just another small step in his family’s overall growth strategy.

March 1, 2013

The families behind a number of high-profile businesses have reorganised their shares recently, with the Fords transferring stock to family trusts and Rupert Murdoch selling some of his voting shares at News Corp.

The families behind a number of high-profile businesses have reorganised their shares recently, with the Fords transferring stock to family trusts and Rupert Murdoch selling some of his voting shares at News Corp. Meanwhile, the Piech family has gifted Volkswagen employees some of its voting rights.

Ford
Bill Ford, fourth-gen executive chairman of the eponymous carmaker, has transferred some of his class B voting stock into trusts set up for his children for estate and planning purposes.

February 21, 2013

CampdenFB unveils its annual Top 50 Family Business Leaders list – the names inspiring their businesses and beyond.

February 15, 2013

It has been a week of mixed fortunes for family businesses, with Heineken and PPR riding high, Saputo treading water in its third quarter and Peugeot continuing to flounder. 

It has been a week of mixed fortunes for family businesses, with Heineken and PPR riding high, Saputo treading water in its third quarter and Peugeot continuing to flounder.

PPR
In the fashion world PPR, the French luxury goods firm that owns Gucci and Yves Saint Laurent among others, posted excellent annual results on 15 February.

The Pinault family-controlled company reported a net income rise of 6.3% to €1.4 billion, while revenues jumped 20.8% to €9.7 billion.

June 12, 2012

Crisis or no crisis, French family-controlled drinks-maker Remy Cointreau has reported annual revenues of more than €1 billion for the first time in its history, while luxury goods group Prada has seen net income for the first quarter shoot up by more than 100%.

Crisis or no crisis, French family-controlled drinks-maker Remy Cointreau has reported annual revenues of more than €1 billion for the first time in its history, while luxury goods group Prada has seen net income for the first quarter shoot up by more than 100%.

Paris-based Remy Cointreau, behind brands such as Remy Martin cognac and Mount Gay rum, said preliminary sales for the year ending 31 March rose by 13% to €1.02 billion. It had a turnover of €907.8 million in the previous fiscal year.

December 1, 2011

Canadian family-controlled dairy company Saputo has appointed a non-family member as president of the group, replacing third-generation Lino Saputo Jr who will remain the chief executive.

Canadian family-controlled dairy company Saputo has appointed a non-family member as president of the group, replacing third-generation Lino Saputo Jr who will remain the chief executive.

Dino Dello Sbarba, who was president and chief operating officer of the Canadian dairy products division, will become overall president of the company, Saputo said in a statement.

Sbarba will be replaced by Lorenzo Spinelli, who was senior vice-president of operations in Europe and Argentina.

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