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Bouygues

FB Roundup: Nintendo, Red Rock Resorts, and Bouygues

April 29, 2016

Nintendo misses profit forecast; Red Rock Resorts raises $531 million in IPO; and Bouygues CEO to unveil succession plan

Nintendo misses profit forecast

Japanese video game maker Nintendo, owned by the sixth generation of the Yamauchi family, report net profit fell 60.6% in 2015 to ¥16.51 billion ($139.5 million), as consumers reined in spending ahead of its new console launch.

The Kyoto-based videogame maker added that its digital sales netted ¥44 billion in the same period, which is up from ¥31 billion, highlighting to investors that last year’s move into the smartphone gaming market is likely to prove fruitful.

Family business roundup: Bouygues, Exor, Ferragamo, Merck, Sodexo, Saras results

November 18, 2013

Italian family businesses Exor and Ferragamo both saw dramatic increases in profit in the third quarter of 2013, while revenue at Italian refinery business Saras was badly hit by the falling price of oil.

Bouygues
French telecommunication and construction company Bouygues, controlled by the eponymous family, reported third-quarter sales of €9,048 billion – level with the same period last year, but revenues for the first nine months of 2013 dipped 1% to €24,255.

Bouygues you can drive my car, says Renault

May 29, 2013

French family business Bouygues is on a mission to protect the environment, and has joined forces with carmaker Renault to do so.

On 27 May, Martin Bouygues, second-gen chairman and chief executive of Bouygues received the keys of a ZOE – Renault's first entirely electric mass-market car – from Carlos Ghosn, chief executive of Renault.

Family business roundup: Profits down at Bouygues and Antofagasta, L’Oreal earnings flat, Barnes & Noble narrows losses

August 29, 2012

Family businesses Bouygues and Antofagasta saw half-yearly profits fall this week, while cosmetics giant L’Oreal missed analyst earnings estimates for the same period.

Family businesses Bouygues and Antofagasta saw half-yearly profits fall this week, while cosmetics giant L’Oreal missed analyst earnings estimates for the same period. Meanwhile, Barnes & Noble managed to narrow losses for its fiscal first quarter.

Family business roundup: Bouygues, Luxottica and Sun Hung Kai Properties post strong results

February 29, 2012

Family businesses Bouygues, Luxottica and Sun Hung Kai Properties each announced positive financial results yesterday, but French industrial conglomerate Bouygues warned that increased competition could hit its telecoms division in 2012.

In a statement released on 28 February, the Paris-based company, which is 29.6% controlled by the Bouygues family, said revenues increased by 5% in 2011 to €32.7 billion, from €31.2 billion in 2010.

Bouygues family increases stake in business

November 21, 2011

The Bouygues family, which controls the eponymous industrial conglomerate, has upped its voting rights at the family business to more than 25%, as part of its share buyback plan announced in August this year.

The Paris-based company, which is one of France’s biggest construction and communications groups, said in a statement that the combined stake directly owned by the business, headed by second-generation Martin and Olivier Bouygues, has risen to 21.08% from the earlier 18%, with 29.8% voting rights.

Bouygues family boosts its stake in conglomerate

September 18, 2008

The Bouygues family has upped its stake in the family business ahead of a planned entry into the ADSL market in France.

The company’s mobile operator – Bouygues Telecom – has announced that it will launch ADSL internet and phone services in France through its Bbox home gateway on 20 October.

Bouygues is the last operator, after Orange and SFR, to launch its own ADSL internet offer. France Télécom still holds a 50% market shares and 7.84 million customers, which makes entry into the market difficult for minority players.

Taking family businesses public

June 1, 2003

At a time when banks are increasingly cautious about lending money, the stock market can be an attractive alternative source of capital for a family business – and, explains Georges van Erck, an IPO need not mean the family loses control of the business

Georges van Erck is Managing Director at JPMorgan, London. He has more than 30 years of investment banking experience, most of which have been spent providing corporate finance services to family-owned companies.