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Dassault Aviation

FB Roundup: Olivier Dassault, Exor, Hancock Agriculture

March 12, 2021

French heir and MP Olivier Dassault dies in helicopter crash, ‘Shared family values’ as Agnelli family buys foothold in Christian Louboutin, Gina Rinehart’s Hancock Agriculture goes to market with beef portfolio.

French heir and MP Olivier Dassault dies in helicopter crash

The sudden death of Olivier Dassault, billionaire heir to the French aerospace and software family business and politician, is “a great loss”, President Emmanuel Macron said in tribute.

FB Roundup: Lego, Dassault, Benetton Group

July 2, 2019

Lego buys back entertainment parks, Dassault Aviation signs French AI manifesto, Genoa bridge demolished.

Lego repurchase of Legoland Parks continues trend of de-listing
Lego’s parent company has bought back the entertainments company it sold to Merlin Entertainment in 2005 for £4.8bn with a consortium of private equity and institutional investors.

Lego’s parent company, Kirkbi, which is controlled by the third-generation of the Kirk Kristiansen family, already owned a 30% stake in Legoland Parks after selling 70% of the business for about £250 million in July 2005 to repay mounting debts.

Family Business Roundup: Blue Bell, Dassault Aviation, Holcim, and VW

April 30, 2015

Blue Bell Creameries recall all products due to listeria; Dassault Aviation secures $7.1 billion deal; and Holcim profit up after stake sale

Blue Bell Creameries recall all products due to listeria

Texas-based ice cream maker Blue Bell Creameries, operated by the Kruse family, recalled all of its products this week after a potentially fatal foodborne illness was discovered in its products.

The move is the most recent in a string of recall announcements by the 108-year-old company, which has been linked to an outbreak of listeria. Experts believe their ice cream may have caused three deaths since 2010.

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

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.

Family business roundup: Profits drop at Wates Group and Dassault Aviation, while Li & Fung posts strong results

March 27, 2012

Two European family businesses have posted poor financial results following “another difficult year”, but Li & Fung, a family-controlled trading group in Asia, has fared better.

In the UK, family-controlled Wates Group said on 26 March that revenues rose by 13% to £1.12 billion (€1.34 billion) in 2011.