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January 19, 2011

The world’s largest watchmaker, the Swatch Group, announced on 19 January that its sales reached a record $6.7 billion for 2010, and is upbeat about the year ahead.

The world's largest watchmaker, the Swatch Group, announced on 19 January that its sales reached a record $6.7 billion for 2010, and is upbeat about the year ahead.

The Geneva-based group announced a year-on-year 19% rise in sales, with its watches achieving an "excellent performance" in all markets and price segments. Apart from Swatch watches, the group also makes luxury timepieces like Breguet, Blancpain, Rado and Omega.  

The group said that it was optimistic about 2011, on the back of strong December sales, which were up 21% year-on-year.
 

September 13, 2010

Family-controlled automobile group PSA Peugeot Citroën has announced it is to repay €1 billion of the €3 billion loan it received from the French government last year.

Family-controlled automobile group PSA Peugeot Citroën has announced it is to repay €1 billion of the €3 billion loan it received from the French government last year.

The early repayment will be made out of existing liquidity resources and allow the Paris-based group to reduce gross debt and to save on interest payments, according to a statement.

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 3, 2010

The family-owned fast-food chain Chick-fil-A reported its 42nd consecutive year of growth when it announced its 2009 results yesterday.

The family-owned fast-food chain Chick-fil-A reported its 42nd consecutive year of growth when it announced its 2009 results yesterday.
 
The US-based company, still privately owned by the founding Cathy family, announced 2009 sales of $3.2 billion, an increase of 8.6% on 2008 results. The company's sales have grown every year since it was founded by S Truett Cathy in 1967.
 

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