Share |

Heineken

Family business roundup: Profits down at Pick n Pay, up at LVMH and Heineken

April 18, 2012

Pick n Pay, the South African retailer controlled by the Ackerman family, has posted a drop in its full-year profits, while two family businesses in Europe have seen their revenues increase in the first quarter of 2012.

Johannesburg-based Pick n Pay said on 18 April that EBITDA fell by 4.2% to 2.07 billion South African rand (€202 million) for the year to 29 February, from 2.16 billion South African rand the previous year.

Family business Heineken, Haiti and hospitals

April 14, 2012

Family business Heineken is synonymous with beer – after all, the Dutch brewery is the third-largest beer-maker in the world. But now, the company is looking to be associated with something a little different – helping rebuild earthquake-torn Haiti.

The brewing giant, controlled by the Heineken family, is reportedly planning to meet Haiti’s president Michael Martelly and the Clinton Global Initiative to put together plans to build hospitals and schools in the region.

Family business roundup: Profit falls at Heineken and Peugeot polls apart

February 15, 2012

Automobile-manufacturer Peugeot Citroen has been dragged down by loss in its core division while Dutch brewery Heineken has taken advantage of the booming emerging markets to offset decline in Europe.

Two European family businesses have reported contrasting results for 2011 – while automobile-manufacturer Peugeot Citroen has been dragged down by loss in its core division, Dutch brewery Heineken has taken advantage of the booming emerging markets to offset decline in Europe.

Family ownership drives growth at Heineken

August 24, 2011

Family-owned Dutch brewer Heineken has reported strong results for the first half of 2011, with family ownership of the company boosting the world’s third-largest brewer.

The company’s revenues rose to €8.35 billion for the first six months of the year, up from around €7.5 billion for the same period in 2010.

Family businesses report strong first quarter results

April 21, 2011

The year has started well for family-controlled businesses in Europe, with many reporting strong growth in the first quarter of 2011.

French family-controlled luxury goods company LVMH, headed by Bernard Arnault, said in a statement that its revenues for the first quarter of the year rose by 17% to €5.2 billion, when compared to the same period last year.

Heineken acquires breweries in Nigeria

January 12, 2011

Family-owned brewing company Heineken announced on 12 January that it has acquired controlling interests in five breweries in Nigeria as it continues its expansion in emerging markets.

The breweries acquired include two holding companies of the Nigerian-based Sona Group, giving Heineken access to Sona, IBBI, Benue, Life and Champion breweries. The financial terms of the transaction were not disclosed. Heineken also said that it would consider the possibility of consolidating the acquired breweries into its existing business in Nigeria, but gave no timetable.

Finance: Stock buy backs - who are the real beneficiaries?

August 26, 2010

Stock buybacks have returned to prominence of late, but what are the reasons for family businesses to go down this avenue? Darrell Delamaide invesigates

After last year's dramatic decline, stock buybacks have surged in 2010 as companies bank on the fact that their stock is a good investment. It is also a way to return money to shareholders, because it juices earnings per share by reducing the denominator, which, all other things being equal, will then lift the share price. At the very least it can prevent dilution when shares are distributed for stock options or other purposes and it is this aspect of stock buybacks that is particularly important in family-controlled companies.

M&A: Families on the front foot as recovery boosts M&A activiy

August 26, 2010

Marc Smith analyses the trends

Just a few years ago they were analogous to the gluttonous charicatures in a Hogarth painting, but M&A deals have been on the equivalent of a corporate Atkins diet of late.

The biggest deal this year involves a family-controlled Indian business in the telecommunications sector with a price tag of $11 billion.

In sharp contrast, when we last covered the family business M&A story in the summer of 2007, the largest deal was a joint $96 billion bid for ABN Amro by the Botin family-controlled Santander group in partnership with RBS and Fortis.

M&A: Top family businesses M&A deals 2010

August 25, 2010

The M&A market has been transformed over the last few years as the mega deals of the boom years have given way to more modest strategic transactions. Here are the year's largest M&A deals involving family firms

01 $11 billion Reliance Infratel's merger with GTL Infrastructure

Heineken increases profits despite “challenging” markets in Europe and US

August 25, 2010

Heineken NV, the family-owned brewer, announced a higher than expected rise in first half net profits on 25 August despite a decrease in beer volume sales.

The world's third-largest brewer said net profits had increased 17% to €621 million compared with the first half of 2009, but it saw been volume sales fall by 2.3%. According to Heineken, the increase in profits is due to strong growth in Africa, Asia and Latin America, successful cost cutting measures and the integration of Mexican beer business FEMSA.