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Walmart

September 9, 2019

Family businesses play a significant role in the global economy, and a number of business empires are family-owned. And just like any company today experiencing a tech-driven change, family-run enterprises aren’t an exception. To remain competitive, however, these firms should have a clear sense of what they want to accomplish and adjust accordingly. 

Family businesses play a significant role in the global economy, and a number of business empires are family-owned. And just like any company today experiencing a tech-driven change, family-run enterprises aren’t an exception. To remain competitive, however, these firms should have a clear sense of what they want to accomplish and adjust accordingly. They can’t stubbornly oppose change and insist on the same business practices forever, because it could be detrimental for them and cause irreparable damage.

August 14, 2019

The world’s wealthiest families control $1.4 trillion, Hong Kong tycoon Peter Woo urges protesters to stop violence and Anil Agarwal’s family trust pulls out of bid for Jet Airways.

The world’s wealthiest families control $1.4 trillion

Bloomberg’sannual ranking of the world’s richest families has revealed the fortunes of those at the top are growing by millions of dollars every hour.

Ranked the world’s richest family, the third-generation Walton family, behind US supermarket giant Walmart, is accumulating $4 million every hour. Since June, the family’s fortune has grown from $39 billion to nearly $191 billion—a nearly 400% increase.

January 23, 2019

How will family businesses fare in 2019? What will be the major trends to shape their experience or to watch out for? We’ve put our thinking caps on to forecast five key family business trends in 2019. 

The start of 2019 signals the start of prediction season. This year there’s plenty of grand forecasts about geopolitical and macroeconomic changes from trade wars to a cooling Chinese, US, and global economy in a year of transformation and disruption.

June 7, 2018

Akka enters US aerospace, Walmart sells majority of Brazil business, and Mars invests $1 billion in sustainability

Akka enters US aerospace

The rapidly growing Akka Technologies is making good on its promise to conquer the US, acquiring PDS Tech for an undisclosed sum.

May 4, 2018

United States based family businesses have sent shockwaves around the United Kingdom with separate plans for a $10 billion supermarket merger and an $800 million bid for the national stadium.

United States-based family businesses have sent shockwaves around the United Kingdom with separate plans for a $10 billion supermarket merger and an $800 million bid for the national stadium.

Retail giant Walmart, owned by the Walton family, announced on Monday its “combination” of its UK subsidiary Asda with rival chain Sainsbury’s to create the country’s largest grocer by market share.

January 19, 2018

Brunello Cucinelli sells stake to fund foundation, Walmart hikes wages but cuts staff, and L’Oreal grows Chinese skin

Brunello Cucinelli sells stake to fund foundation

Italian designer Brunello Cucinelli has sold 6% of his eponymous fashion house for nearly €100 million ($122 million), putting the money into his family foundation.

The shares, sold via an accelerated book build mainly to US institutional investors, mean the Cucinelli family—Brunello, his wife Federica and two daughters Camilla and Carolina—now own 51% of the business.

September 7, 2017

Businesses need to do more on climate change, says Mars chief; Lego revenue drops, 1,400 jobs to go; and Walmart family member sells $62 million in shares.

Businesses need to do more on climate change, says Mars chief

US conglomerate Mars has announced it is combining its founding family’s principles with science to develop a plan to tackle the “urgent threats facing the planet and its people”.

June 14, 2017

Walmart staff deliver, Heineken takeover challenged, and Nordstrom family to buy out

Walmart staff deliver

Family business giant Walmart encouraging staff to make online-order deliveries on their way home is a “win-win-win” for workers, customers and the business.

The retailer is attempting to head off competition from Amazon and pitched the idea as a way for staff to make extra money, while the business cuts costs.

May 25, 2017

Walmart reports huge jump in US online sales, next-generation family member joins Vedanta board, and GIIN survey says big financial firms bring mixed blessings for impact investing  

Walmart reports huge jump in US online sales

The family-owned retail giant Walmart has reported a modest rise in total revenues and a much larger increase in US online sales.

As it looks to take on e-commerce behemoths such as Amazon, the US-based retailer achieved a 63% rise in US online sales in the first quarter of this year.

Walmart’s online ambitions were demonstrated last year by its $3.3 billion acquisition of the internet retailer Jet.com.

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