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Turkey

February 19, 2020

Walmart is disappointed with festive consumer spending and Asda but online sales up 35%, JCB cuts UK production as the coronavirus hits Chinese suppliers, and fifth-generation US newspaper dynasty McClatchy Co files for bankruptcy.

Walmart disappointed with festive consumer spending and Asda but online sales up 35%.

Walmart, the world’s biggest family business with $524 billion in revenue and an economic bellwether, says holiday sales were weaker than anticipated despite online sales jumping 35% in the fiscal year.

October 2, 2019

JCB digs into record sales against softening markets, IKEA assembles 5% increase in sales after transformation, American, Chinese sales help brew 39% profit for illycaffe.

JCB digs into record sales against softening markets

Bamford family-controlled manufacturer JCB says growth has stalled, especially in its biggest market India, despite sales increasing by almost a quarter last year.

February 14, 2014

Turkish next-gens are placing greater importance on corporate governance and professionalisation of their family businesses than preceding generations, according to new research released today.

Turkish next-gens are placing greater importance on corporate governance and professionalisation of their family businesses than preceding generations, according to new research released today.

November 20, 2013

Second-generation conglomerate Doğan Holding started out in the automotive industry and now operates in several sectors. The company is optimistic about growth, but the delicate political situation in Turkey means the future won’t be without its difficulties.
 

Second-generation conglomerate Doğan Holding started out in the automotive industry and now operates in several sectors. The company is optimistic about growth, but the delicate political situation in Turkey means the future won’t be without its difficulties.

 

 

 

November 18, 2013

Conglomerates founded in the years following the fall of the Ottoman Empire continue to dominate family business in Turkey today. CampdenFB examines the newly industrialised economy’s family business landscape.

Turkey’s family business sector is led by conglomerates, which represent some of the largest institutions in the transcontinental country. Family firms – of all sizes – represent 90% of the nation’s companies, and the largest of them all, Koç Holding, accounts for 9% of GDP.

August 14, 2013

The third-generation CEO of the Marti hotel business is known to Istanbul’s clubbers as DJ Red Owl. 

February 28, 2012

It’s been a good week for three of Europe’s biggest family businesses, although Denmark’s Moller-Maersk Group has been hit by “voltatile markets”.

It’s been a good week for three of Europe’s biggest family businesses, although Denmark’s Moller-Maersk Group has been hit by “voltatile markets”.

German carmaker Volkswagen said revenues jumped 25.6% to €159.34 billion in 2011, from €126.88 billion in 2010.

November 10, 2011

The world economy may be suffering some serious problems, but many family businesses are growing faster than ever. Which family businesses are likely to challenge for the top positions in the years ahead? CampdenFB lists the top 50.

At the time of writing, traders’ screens around the world are turning a nasty shade of red. Stock markets are plummeting everywhere and there is much talk of developed economies slipping back into recession.

You would be forgiven for wondering if it might be a good time to retreat to a cave with a weapon and a crate of tinned food. But away from the trading floors, there is another story about the world economy - one that moves more slowly and involves fewer people panicking, and so gets less attention.

September 7, 2011

Nathaniel Rothschild, a scion of the Rothschild banking dynasty, looks set to make millions by announcing plans to merge his London-listed investment vehicle Vallares with oil producing group Genel Energy International.

Nathaniel Rothschild, a scion of the Rothschild banking dynasty, looks set to make millions by announcing plans to merge his London-listed investment vehicle Vallares with oil producing group Genel Energy International.

The merger, announced on 6 September, will see Vallares acquiring a 100% stake in Genel through the issue of new shares worth $2.1 billion, the group said in a statement.

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