Sobey family

O Canada! Family businesses flourishing in the True North (infographic)

June 30, 2015

A few exceptions aside, what is striking about many of Canada's largest family businesses is that they are little known abroad. While these domestically-focused firms have been striving so far, it remains to be seen how they will perform if Canada's economy trips up.

Family businesses are key drivers of Canada’s economy, accounting for at least 45% of GDP, and numbering among them many of the country’s top firms, including global powerhouses such as Thomson Reuters and Bombardier.

Family business roundup: Empire, Chow Tai Fook grow, while Paris Orleans and Fiat see falls

July 3, 2012

Some of the largest and most famous family businesses in the world, such as Canada’s Empire Company, Hong Kong’s Chow Tai Fook and the Rothschild family’s Paris Orleans, reported vastly contrasting results in the last week.

Empire Company, the holding group controlled by the Sobey family, said on 28 June that sales rose to $16.25 billion (€12.91 billion) for the year ending 5 May 2012, up from around $15.9 billion the previous fiscal year.

Family business roundup: Antofagasta, Empire and Wacker see growth

March 14, 2012

Be it in North America, South America or Europe, a number of family businesses have cemented their positions this week by reporting positive results for fiscal 2011.

Chilean mining company Antofagasta, controlled by the Luksic family, said on 13 March that preliminary sales for full-year 2011 rose to $6.07 billion (€4.64 billion), up from $4.57 billion the year before.