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Walton

June 15, 2011

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

Family businesses are alive and well in the US, with the top 100 generating approximately $1.6 trillion to America’s $14.6 trillion GDP in 2010. Just under half of the top 100 are owned outright by the family, a higher proportion than in Europe, where Campden’s top 100 family business for the region found that less than a third were fully controlled by the family.

December 14, 2010

Walmart, the retailing giant controlled by the Walton family, announced 13 December that it plans to close its Moscow office, which was set up last year as part of Walmart's plans to expand in Russia.

Walmart, the retailing giant controlled by the Walton family, announced 13 December that it plans to close its Moscow office, which was set up last year as part of Walmart's plans to expand in Russia.

The company said it had hoped to enter the Russian market via acquisitions, but that it had found no partners with which to pursue this aim.

December 2, 2010

Walmart, the retailing giant controlled by the Walton family, has given further insights into its emerging market strategy outlining plans for its stores in China.

Walmart, the retailing giant controlled by the Walton family, has given further insights into its emerging market strategy outlining plans for its stores in China.

Dough McMillon, chief executive of Walmart's international business, said in an interview with the Financial Times that it will be opening a series of "compact hypermarkets" in China based on the company's successful model used in Latin America.

November 29, 2010

Walmart, the supermarket giant controlled by the Walton family, announced 29 November that it has made a bid for 51% of Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the supermarket giant controlled by the Walton family, announced 29 November that it has made a bid for 51% of Massmart Holdings Limited, a South Africa-based retail chain.

This news comes after Walmart announced in September it was in preliminary talks with Massmart to acquire a stake in the company. 

September 28, 2010

Walmart, the supermarket giant controlled by the Walton family, announced 27 September that it was in preliminary talks to acquire Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the supermarket giant controlled by the Walton family, announced 27 September that it was in preliminary talks to acquire Massmart Holdings Limited, a South Africa-based retail chain.

Walmart, the world's largest retailer by revenues, announced yesterday that if its initial proposal was successful it planned to offer R32 billion (€3.4 billion) for Massmart, which is South Africa's third-largest retailer with 290 stores and a presence in 13 other countries in southern Africa.

March 11, 2010

Mexican telecommunications baron Carlos Slim has overtaken Microsoft owner Bill Gates and legendary investor Warren Buffet to take the top spot in a list of the world’s richest people.

Mexican telecommunications baron Carlos Slim (pictured) has overtaken Microsoft owner Bill Gates and legendary investor Warren Buffet to take the top spot in a list of the world's richest people.
 
Slim, who runs the empire with his family, has an estimated fortune of $53.5 billion, which he increased by $18.5 billion last year. He is the first non-American to top the list in 16 years. Gates and Buffet come in second and third with an estimated $53 billion and $47 billion respectively.
 

March 1, 2008

Members and owners of family businesses are among the wealthiest people on the planet. Families in Business takes a look at the wealthiest top 10 and analyses how they came to be there

1. Carlos Slim Helú (pictured) is the head of Telmex, a Mexican telecommunications empire that he runs with his sons. He is the world's richest family business owner with a fortune, worth an estimated $60 billion, that surpasses even that of Bill Gates. Slim's father was a Lebanese immigrant who started a dry-goods store in 1911. Slim made his first fortune in 1990 when we bought Telmex from the Mexican government.

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