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Fiat

Family business roundup: Fiat doubles media stake; Ottobock and Pohlig join forces

July 3, 2013

Fiat doubles its share in an Italian publishing group while German family firms Ottobock and Pohlig join forces for a greater footprint in the orthopaedics sector.

Fiat

Fiat – controlled by the Agnelli family's Exor – has announced it will double its holding in struggling Italian publishing group RCS MediaGroup from 10% to 20%.

Family business roundup: Fiat edges closer to closing Chrysler deal; Coty launches IPO

June 14, 2013

Exor's Fiat is close to reaching a refinancing deal, while Joh A Beckiser's cosmetics company Coty launched an IPO.

Fiat
Fiat, the Italian carmaker controlled by the Agnelli family's Exor, is getting close to completing a refinancing deal that would allow it to take full control of US-based Chrysler.

Chief executive Sergio Marchionne is due to sign an agreement with nine banks as soon as 21 June to refinance €1.95 billion in Fiat credit, according to two anonymous sources close to the matter.

Family Business Roundup: News Corp to delist; Suntory files for IPO; Fiat plans Chrysler purchase

May 31, 2013

News Corp to delist in London when it splits its business activities; Japanese drinks firm Suntory plans $4.7 billion IPO; and Fiat wants to buy the remaining stake in Chrysler.

News Corp

News Corp has announced it will delist from the London Stock Exchange when it splits its publishing and entertainment activities next month.

Family portrait: the Agnelli family

May 7, 2013

The Agnellis, the family behind Fiat, have built a reputation as one of Italy's greatest industrial dynasties. CampdenFB takes a look at the real people behind the famous names.

Ones to watch

March 21, 2013

The next-gens in luxury firms aren’t complacent. Campden looks at 10 who are making a name in their own right.

Kilian Hennessy, 40
He’s an heir of the legendary Hennessy cognac company, but Kilian Hennessy’s luxury interests lie elsewhere: in fragrances. After training under some of Europe’s most prolific noses he worked as a perfumer for Christian Dior, Paco Rabanne, Alexander McQueen and Giorgio Armani.

Family business roundup: Profits up at H&M, historic fourth quarter for Ford, good results for Fiat

January 30, 2013

More financial results have come in for 2012, with the profits of family-controlled H&M, Fiat and Ford buffeted by Europe's continuing economic problems. Meanwhile, Associated British Foods – run by the Westons – had a strong start to 2013.

Family business roundup: A mix of big ups and big falls for ArcelorMittal, Ford and Cir

October 31, 2012

Economic woes are no doubt having an impact on the performance of family businesses around the world, but some companies are posting figures that are simply poles apart.

ArcelorMittal, the family-controlled steel and mining company, said sales fell to $19.7 billion (€15.1 billion) for the third quarter of 2012, from $24.2 billion for the same period last year.

Family business roundup: Revenues jump at Prada and H&M, drop at Fiat

October 1, 2012

From British car dealer Arnold Clark Automobiles to fashion retailers Hennes & Mauritz and Prada, a number of family businesses in Europe have recently posted positive financial results, while Italian carmaker Fiat has seen its sales in the continent drop.

Glasgow-based Arnold Clark, which is controlled by the founding Clark family, said on 28 September that its 2011 profits rose by 2.4% to £51.7 million (€64.7 million), compared to £50.5 million in 2010.

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: All change at Fiat Industrial, Hermes and Versace

June 1, 2012

It’s been a week of big changes in family businesses, with Hermes announcing a new chief executive, Fiat Industrial proposing a merger with CNH and Bombardier hinting at a possible listing in New York.

Fiat Industrial, controlled by the Italian Agnelli family, said on 30 May that it wanted to “simplify the existing shareholding structure”, merging with CNH and listing the new company in New York, with a secondary listing in Europe. Fiat Industrial is currently headquartered in Turin.