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Top 75 Family Business Leaders 2019: Emerging Markets

October 14, 2019

CampdenFB celebrates this month the 75 leading lights in the family business and family office space over its 75 issues. Last week we profiled some of the inspirational figures in Asia-Pacific and we looked at the major players in the Americas in the week before. This week we take a look at the influential up-and-comers in the Emerging Markets of the Middle East and Africa.

Fast forward: Top 50 family business leaders 2017

November 6, 2017

Fast-growing companies are what get economies moving and this year more than 70% of the leaders in our Top 50 list are from expanding new companies we have never featured. Read on about the leaders getting their family businesses going in the right direction

Family business roundup: Lagardere, News Corp, Henkel and Richemont results

November 13, 2013

Lagardere reports sales are down, while News Corp, Henkel and Richemont all saw net profits rise for the third quarter – despite currency fluctuations hitting revenues.

Lagardere
French publishing, media and travel group Lagardere, controlled by the eponymous family, said sales were down 2.9% to €1.9 billion for the third quarter of 2013, and revenues for the first nine months of the year fell by 1.1% to €5.3 billion.

Family business billionaire takes a break

May 17, 2013

Johann Rupert, the second-gen chairman of Switzerland-based luxury watch and jewellery group Richemont, has announced he plans to take a gap year from the family business starting from September.

The 62-year-old has been at the helm of Richemont for 25 years. He told reporters: "I just want to be master of my time for some time, it is ironic someone in the watch business should not be in control of his time."

Family business roundup: Growth for Ikea, Swatch and Richemont, Metro and Douglas soldier on

January 23, 2013

The latest results show 2012 was a good year for many European family businesses; secretive Ikea published strong results, and luxury groups Richemont, Swatch and Remy Cointreau also reported encouraging figures. But German-based Metro Group and Douglas Holding had to fight for growth in the household goods market.

Ikea
Swedish giant Ikea Group published its 2012 financial results on 23 January – only the fourth time it has published results in its 70-year history.

Richemont family chief to step down – names two non-family successors

November 9, 2012

Johann Rupert, the second-generation head of Swiss luxury group Richemont, is to step down as chief executive next year and will be succeeded by two non-family members.

The family business, famous for owning brands such as Cartier and Montblanc, said in a statement today that Bernard Fornas and Richard Lepeu will replace Rupert from 1 April 2013.

Rupert, 62, who transformed the company founded by his father into a luxury giant, will remain chairman of Richemont.

Family business roundup: Richemont sees growth while Danish groups post declines

May 17, 2012

Family businesses in the luxury sector have once again defied the wider economic gloom with Swiss group Richemont posting a 50% rise in profits, while a number of European firms in other sectors have had a difficult first quarter.

Rupert family-controlled Richemont, which owns luxury brands such as Cartier and Piaget, said on 16 May that operating profits for the year ending 31 March increased by 51% to €2.04 billion.

Family businesses ‘likely to grow in importance in South Africa’

September 7, 2011

Many of South Africa’s wealthy entrepreneurs are likely to pass their businesses on to family members or retain some family control of the enterprises, according to a leading academic.

Dr Margaret Cullen, co-director of the Nelson Mandela Metropolitan University’s Family Business Unit, said there is a strong history of family businesses in the country and this is likely to continue.

Yet another family-owned luxury group records strong growth

September 7, 2011

Swiss-based luxury goods group Richemont, which owns brands such as Cartier, Montblanc, Dunhill and Chloé, reported sales that exceeded analysts’ expectations, as consumer spending increases in Asia.

Richemont remains cautious despite sales hike

September 8, 2010

Swiss-based luxury goods group Richemont has seen sales jump in the five months to 31 August, boosted by the acquisition of online fashion business NET-A-PORTER.COM and increasing demand from Asia.

Sales at the family-controlled company increased by 37% year-on-year following the purchase of NET-A-PORTER.COM in April this year for €272 million.

Excluding this acquisition, sales rose 22% driven by demand from Asia and the Americas, where Richemont reported a 36% and 38% increase in sales respectively.