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Dassault

July 22, 2016

Swatch first-half profit declines to lowest level in nearly a decade; Dassault Aviation profit down, deliveries cancelled; and Maersk signs five-year carbon reduction scheme

Swatch first-half profit declines to lowest level in nearly a decade

Swiss watchmaker Swatch, owned by the Hayek family, reported its lowest first-half profit in seven years amid a challenging time for luxury goods.

According to a company statement, first-half operating profit declined 54% to CHF353 million ($359 million) but said it expects “clear growth” in the second half of the year. Swatch said July 15 that revenue fell about 12%.

July 8, 2016

Lotte founder’s daughter arrested; Serge Dassault on trial for tax fraud; and Gretchen Carlson files sexual harassment suit against Fox News 

Lotte founder’s daughter arrested

Shin Young-ja, the chairwoman of the Lotte Scholarship Foundation, has been arrested over allegations she received bribes as prosecutors step up an investigation into the country’s fifth-largest business chaebol.

The 74-year-old daughter of Lotte founder Shin Kyuk-ho is accused of accepting bribes from the former chief of cosmetics brand Nature Republic in exchange for store space in Lotte’s duty-free outlets.

March 26, 2015

Merck deputy chief Oschmann to become CEO; China National Chemical Corp to buy Pirelli for $7.7 billion; and Airbus sells stake in Dassault Aviation

Merck deputy chief Oschmann to become CEO

German pharmaceutical company Merck, 70% owned by the eponymous founding family, will promote deputy chief executive Stefan Oschmann to the top job next year, according to Manger Magazin.

The 57-year-old will reportedly take on the new role after the group’s annual shareholder meeting in 2016, when current CEO Karl-Ludwig Kley’s current contract expires.

March 13, 2015

Dassault Aviation posts 2014 profit drop; Thailand’s Central Group to invest $1.14 billion in SE Asia; Holcim and Lafarage to renegotiate merger terms

Family Business Roundup: Dassault, Central Group, Holcim and Lafarage

Dassault Aviation posts 2014 profit drop

French aerospace company Dassault Aviation, owned by the eponymous family, has reported a 38% drop in its net profit for 2014.

According to a statement released yesterday, net profit for the year slipped to €282 million ($299 million) from €459 million in 2013, while net sales fell to €3.68 billion from €4.59 billion.

September 1, 2007

For many, private jets are seen as the epitome of wealth and luxury – the ultimate status symbol. They are speedy, flexible, convenient and, with so many varieties of design and price, everyone can can experience their dream jet. David Nicholson finds out more …

David Nicholson is a freelance journalist based in the UK.

For many, private jets are seen as the epitome of wealth and luxury – the ultimate status symbol. They are speedy, flexible, convenient and, with so many varieties of design and price, everyone can can experience their dream jet. David Nicholson finds out more …

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