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hero motocorp

FB Roundup: LL Bean, Samsung, and Hero Motocorp

January 13, 2017

LL Bean boycotted after heiress donated to Trump campaign; Samsung heir quizzed on bribery allegations; and Hero Motocorp sales down one-third in December

LL Bean boycotted after heiress donated to Trump campaign

LL Bean heiress Linda Bean has landed the Maine-based retailer on a prominent boycott list after contributing $55,000 more than allowed to President-elect Donald Trump's campaign.

In response to her $60,000 donation, the Grab Your Wallet campaign, which launched in October in response to Trump’s comments about women, encouraged consumers to avoid the retailer.

FB Roundup: Hero MotoCorp, Hancock Prospecting, and Kering

October 28, 2016

Hero MotoCorp posts “best ever” quarterly sales; Gina Rinehart spends $400 million on fertiliser investment; and Kering shares hit 15-year high on Gucci success

Hero MotoCorp posts “best ever” quarterly sales

Indian motorcycle manufacturer Hero MotoCorp, owned by the Munjal family, reported a 28% increase in net profit this week in what has been called its best-ever quarterly sales.

Pawan Munjal, chairman, managing director and chief executive of Hero MotoCorp, said the record-breaking sales were a reiteration of the “overwhelming” customer preference for the company's products.

FB Roundup: Cargill, Dalian Wanda, and Hero Motocorp

August 12, 2016

Grain market slump affects Cargill’s operating profit; Chinese richest man may gain support for Wanda delisting; and Hero MotoCorp reappoints Pawan Munjal as CEO

Grain market slump affects Cargill’s operating profit

Family-controlled Cargill, the world's largest agricultural commodities trader, has revealed its weakest operating profit in four years following a slump in grain markets.

The US-based family business earned $1.64 billion in the year ending 31 May, down 15% from the year before.

Entrepreneur behind Hero MotoCorp dies, aged 92

November 2, 2015

The founder of the world’s largest two wheeler business has died at the age of 92, leaving behind a multi billion dollar family empire.

The founder of the world’s largest two-wheeler business has died at the age of 92, leaving behind a multi billion dollar family empire.

Brijmohan Lall Munjal was among four brothers who founded the predecessor company to Hero MotoCorp in 1954, and remained chairman emeritus until his death on Sunday.

His son Pawan Munjal, who has been managing director and CEO since 2001, only succeeded his father as chairman in June.

Family Business Roundup: Hero Motocorp, Bollore, Orascom, and Heineken

February 20, 2015

Munjal patriarch sells €263 stake in Hero MotoCorp; Share prices at Bollore jump for second day; Orascom to list fertiliser and chemical division; and Heineken board looks to appoint family member

Munjal patriarch sells €263 stake in Hero MotoCorp

Brijmohan Lall Munjal, the chairman of Indian motorcycle manufacturer Hero Motocorp and Munjal family patriarch, has sold €263 million worth of shares in order to raise capital for new investments.

The 91-year-old sold nearly seven million shares in the company he co-founded, reducing his ownership stake to just over 36% from 39.9%. Analysts believe the chairman is looking to raise cash for investment in the power and real estate sectors.

Family Business Roundup: Americana Group, Yildiz Holding, and Hero Motocorp

November 6, 2014

Family behind Kuwaiti food and beverage company consider sale; Turkey’s Yildiz Holding buys United Biscuits in £2 billion deal; and Hero MotoCorp eyes European market, announces new hybrid-scooter.

Family behind Kuwaiti food and beverage company consider sale

The family behind Kuwaiti food and beverage company Americana Group is looking to sell the group.

According to a company statement, the al-Kharafi family plans to sell their 66.8% stake in the Egypt-based company, which is estimated to be worth $4.3 billion, but added that no commitments had been made.

Hero Motocorp hints at succession plans with second gen’s promotion

August 6, 2014

Indian motorcycle manufacturer Hero MotoCorp, owned by the Munjal family, has elevated second-gen Pawan Munjal to the role of vice chairman, clarifying the family’s succession plans.

Indian motorcycle manufacturer Hero MotoCorp, owned by the Munjal family, has elevated second-gen Pawan Munjal to the role of vice chairman, clarifying the family’s succession plans.

The 59-year-old accepted the role at Hero MotoCorp this week – a move that many believe signals a forthcoming power shift wherein Pawan will soon succeed his father as chairman of the family business.

Asia's titans: 10 Asian family businesses you should know about

October 31, 2013

Asian family businesses are not only making a difference to the sectors they operate in, but are also influencing the evolution of the family business model in Asia. CampdenFB takes a look at some of the fastest growing and most exciting.

Bakrie & Brothers
• FAMILY: Bakrie
• SECTOR: Commodities, telecommunications and property
• COUNTRY: Indonesia

Family business roundup: American Greetings, Wal-Mart and Hero MotoCorp

August 9, 2013

American Greetings Corporation returns to full family ownership, Wal-Mart mulls bid for Hong Kong supermarket chain, and Indian family firm announces expansion plans.

American Greetings Corporation
American Greetings Corporation has returned to private ownership, following a $612 million (€458 million) buyout by the Weiss family – descendants of Jacob Sapirstein who founded the company in 1906.

Family business roundup: Profits may drop, but revenues grow

May 3, 2012

A number of family businesses from around the world have gone against the trend of slowed growth, by posting rises in revenues.

Among these is German carmaker BMW, controlled by the Quandt family. On 3 May, the group said it had its “best first-quarter figures ever” in its 100-plus-year history. Revenues rose by 14% to €18.3 billion, up from around €16 billion for the same period last year.