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Bosch

FB Roundup: Bosch, Deichmann, Volkswagen

April 30, 2020

Bosch launches rapid Covid-19 test and prepares for global recession, Deichmann manages reputational risk over coronavirus rents, sales-hit Volkswagen reviews all projects as car production resumes.

Bosch launches rapid Covid-19 test and prepares for global recession

Bosch, the family-owned multinational engineering and technology giant, has developed and distributed a test for Covid-19 that delivers results after two and a half hours and is finalising a test that gives a verdict in less than 45 minutes.

FB Roundup: Sodexo, Korean Air, and Global RepTrak 100

April 11, 2019

Sodexo acquires The Good Care Group; Cho Yang-ho, Korean Air chairman, dies age 70; and family businesses rank on Global RepTrak 100.

Sodexo acquires The Good Care Group

Sodexo, the French food services and facilities management conglomerate controlled by the Bellon family, has expanded its UK home care business by buying The Good Care Group (GCG)—a leading player in the UK live-in care market.

The GCG, founded in 2009, provides tailored live-in care services to customers who need physical help to live independently or have complex care needs.

FB Roundup: Bosch, impact divesting, and Nintendo

January 12, 2018

Bosch buys stake in digital mapping pioneer Here; new study on responsible impact divestment; and Nintendo Switch beats its own sales record

Bosch buys stake in digital mapping pioneer Here

Two of Germany’s largest tech manufacturers—Continental and family-owned Bosch—have bought stakes in Here, the digital mapping service expected to be vital to the development of self-drive cars.

The companies bought 5% apiece for an undisclosed amount, with Bosch’s chairman Dr Volkmar Denner saying the deal affirmed his company was “more than cars”.

FB Roundup: LVMH, Volkswagen, and Bosch

February 3, 2017

LVMH to a grip on eyewear market with Marcolin deal; Volkswagen overtakes Toyota as top company, despite cheating scandal; and Bosch pays $330 million compensation in VW cheating scandal

LVMH to focus on eyewear market with Marcolin deal

French family-owned luxury giant LVMH have taken a 10% stake in spectacle maker Marcolin as it looks to tighten its grip on the eyewear market.

The news comes just one week after another family-owned eyewear group, Luxottica, and its French rival Essilor agreed to a €46 billion ($49 billion) merger to combat increasing competition from large luxury players, such as LVMH.

FB Roundup: Bosch, Nintendo, and Maersk

August 26, 2016

Lawyers Say Bosch colluded on Volkswagen emission scandal; Nintendo strengthens supply chain with Jesnet acquisition; and Maersk to cut fleet and crew

Lawyers Say Bosch colluded on Volkswagen emission scandal

German family business Bosch, one of Europe’s largest companies by revenues, has been accused of colluding with Volkswagen over the emissions cheating scandal in amended court filings.

German family business profile: Bosch

July 14, 2016

Founded in 1886, Bosch has grown to become one of the largest multinational engineering and electronics companies in the world. The Gerlingen-headquartered firm had revenues of €70.6 billion ($80.5 billion) in 2015.

FAMILY

Germany’s Bosch accused of spying by UK company

October 25, 2012

German family business Bosch, one of Europe’s largest companies by revenues, has been accused of stealing secret technology from a UK rival, but has denied the allegations.

British appliance group Dyson has filed legal proceedings, claiming Bosch – a manufacturing and engineering firm – placed a mole in its company, who has allegedly been passing on secrets to Bosch for up to two years.

Family business roundup: Bosch buys another German company, while others go global

July 25, 2012

It has been a week of consolidations in the family business world – German firm Bosch is to acquire fellow family-owned Ampack, a Hong Kong group is eyeing a non-family company in the UK, while an Indian conglomerate wants to make its mark in Australia.

Family businesses and a rally of profits

January 26, 2012

Last year was a tumultuous time for markets on the back of fears of a second recession, but some family businesses look to have weathered 2011 remarkably well, reporting record revenues and profits.

Take for example the Bosch Group, the German car parts supplier controlled by descendants of the founding family. Revenues at the Stuttgart-based family business exceeded €50 billion for the very first time last year, according to preliminary figures released by the company this week.

Family businesses present mixed full-year results

January 28, 2010

The release of full year financial statements by some of the world’s largest family companies reveal a diverse range of fortunes for both the businesses and their founding families.

The release of full year financial statements by some of the world's largest family companies reveal a diverse range of fortunes for both the businesses and their founding families.

Ford, the family-controlled automaker, today posted better-then-expected full year results, recording a pre-tax operating profit of $454 million – its first for four years. This figure represented a $7.3 billion improvement on last year's losses which totalled nearly $15 billion.