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H&M

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.

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.

September 29, 2011

Hennes & Mauritz, the Swedish fashion chain controlled by the Persson family, has reported an 18% drop in third-quarter net profit, as global economic conditions hit the fast-fashion retailer.

Hennes & Mauritz, the Swedish fashion chain controlled by the Persson family, has reported an 18% drop in third-quarter net profit, as global economic conditions hit the fast-fashion retailer.

Although sales remained similar – SEK 26.91 billion (€2.9 billion) in 2011 compared to SEK 26.89 billion in 2010 – during the quarter, profits dropped to SEK 3.59 billion from 2010’s third-quarter figure of SEK 4.85 billion.

August 16, 2011

Sales at Swedish family-run business H&M are not growing as strongly as forecasted, leaving managing director Karl-Johan Persson under increased pressure. 

Sales at Swedish family-run business H&M are not growing as strongly as forecasted, leaving managing director Karl-Johan Persson under increased pressure.

Last month, sales at H&M rose just 3% compared to July 2010 - a significant change on the company’s predicted growth of 4.7%. Comparable units sales also took a knocking, decreasing by 6%. Comparable units comprise the stores, online shops and catalogue sales in countries that have been in operation for at least a financial year.

May 31, 2011

Although Sweden only has a population of just over nine million, its economy has given rise to some world famous family business dynasties. CampdenFB takes a look at some of the leading Swedish family businesses in an interactive graphic.

Although Sweden only has a population of just over nine million, its economy has given rise to some world famous family business dynasties. CampdenFB takes a look at some of the leading Swedish family businesses in an interactive graphic below.

May 4, 2011

In a major new survey, Campden FB has compiled a list of the top 50 family business leaders in the world.

In a major new survey, Campden FB has compiled a list of the top 50 family business leaders in the world.

With the aid of four senior family experts from the world's leading business schools - Randal Carlock from INSEAD; Joachim Schwass from IMD; Kavil Ramachandran from Indian School of Business; and John Ward from Kellogg School of Management – Campden has sifted through loads of data to compile the final list. The top five places went to John Elkann, Azim Premji, Güler Sabanci, Guido Barilla and Ratan Tata.

March 31, 2011

Family-controlled fashion giant Hennes & Mauritz announced on 31 March that its net profits for the first quarter ending February 2011 fell by 30% compared with the same period last year, due to “external factors”.

Family-controlled fashion giant Hennes & Mauritz announced on 31 March that its net profits for the first quarter ending February 2011 fell by 30% compared with the same period last year, due to “external factors”.

The Stockholm-based retailer said that its net profits for the quarter fell to $414 million from $594 million the year before. It attributed this drop to negative currency effects, high cotton prices and an increase in transportation costs.

August 17, 2010

Family-controlled fashion giant Hennes & Mauritz reported a 10% rise in July year-on-year sales, the fastest rise for sometime, as the clothing retailer plans further rapid expansion.

Family-controlled fashion giant Hennes & Mauritz reported a 10% rise in July year-on-year sales, the fastest rise for sometime, as the clothing retailer plans further rapid expansion.

The Swedish-based business, headed by the third generation of the founding Persson family, announced the results on 16 August, but gave few other details.

Overall, sales for July, including those at new stores, rose 21%, the fastest sales increase for the company in more than two years.

February 19, 2009

When President Obama was simply president-elect, his favourite words were arguably “hope” and “change”. But now that he’s dropped the elect suffix and the reality of life in office has dawned upon him, his rhetoric has changed to sound remarkably like that of a family business owner.

When President Obama was simply president-elect, his favourite words were arguably "hope" and "change". But now that he's dropped the elect suffix and the reality of life in office has dawned upon him, his rhetoric has changed to sound remarkably like that of a family business owner writes Marc Smith.

His word du jour has changed to "long term", closely followed by "stability". In launching his American Recovery and Reinvestment Plan on 8 February, for example, he mentioned "long term" three times – "hope" and "chance" didn't get a look in.

February 11, 2009

Fashion chain Hennes & Mauritz has appointed third-generation family member Karl-Johan Persson as the company’s new CEO effective from 1 July this year.

Fashion chain Hennes & Mauritz has appointed third-generation family member Karl-Johan Persson as the company's new CEO.

Karl-Johan will become one of the youngest CEOs of a global brand when he starts his new role on 1 July aged just 33. The grandson of the founder and son of the current chairman will replace Rolf Eriksen who is retiring.

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