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FB Roundup: Melia Hotels, H&M Group and Hays Travel

November 22, 2019

Melia, Inditex and Damm families lead Spain’s digital revolution, family businesses H&M Group and IKEA unite to study recycled textiles, and Hays family creates 1,500 new careers in the UK’s travel industry.

Melia, Inditex and Damm families lead Spain’s digital revolution

Spanish family businesses Melia Hotels International, Inditex and Damm have been named among the top 10 companies leading the digital transformation of the Spanish economy.

Research by the Coordenadas Institute of Governance and Applied Economics hailed the families and public peers, such as Telefonica and Seat, for adapting their business models through digitalisation. Their motivation was to enhance their competitiveness and position themselves as international benchmarks.

FB results roundup: JCB, IKEA and illycaffe

October 2, 2019

JCB digs into record sales against softening markets, IKEA assembles 5% increase in sales after transformation, American, Chinese sales help brew 39% profit for illycaffe.

JCB digs into record sales against softening markets

Bamford family-controlled manufacturer JCB says growth has stalled, especially in its biggest market India, despite sales increasing by almost a quarter last year.

FB Roundup: Bollore, IKEA, and Heineken

February 20, 2019

Vincent Bollore to be replaced by son as Vivendi board member, Ikea eyes launch of sales platform that includes rival products, and Heineken posts rising profits on the back of strong sales boost.

Vincent Bollore to be replaced by son as Vivendi board member

Billionaire Vincent Bollore, who is currently under investigation for his business dealings in Africa, will step down from the board of French telecoms giant Vivendi and be replaced by his son Cyrille.

Reality bytes: How new tech is augmenting family business

January 16, 2018

As family enterprises tap into virtual reality technologies, many are discovering new avenues for growth and sharper lines of communication. Scott McCulloch reports

As family enterprises tap into virtual reality technologies, many are discovering new avenues for growth and sharper lines of communication. Scott McCulloch reports

Banishing the myth of family businesses as technological laggards, cutting-edge families are deftly exploiting new technologies to beef up productivity, sharpen communications and connect with customers in real, virtual, and emotional ways.

FB Roundup: Benetton, Nintendo, and IKEA

May 31, 2017

Benetton's bid for toll road firm, Nintendo switches up production, and IKEA reassembles its leadership.

Benetton's bid for toll road firm

The family synonymous with colourful clothing and controversial advertisements is ramping up its efforts in the comparatively drab toll road industry.

The Benetton family’s largest asset is not its well-known and now struggling clothing arm, but toll road operator Atlantia, which is eyeing an $18.3 billion takeover of Spanish infrastructure firm Albertis.

The Great Balancing Act: Keeping control during growth

May 10, 2017

What does it take to start then grow a business into a successful, multi-billion dollar holding yet maintain total family control through the generations? Alison Ebbage reports

What does it take to start then grow a business into a successful, multi-billion dollar holding yet maintain total family control through the generations? Alison Ebbage reports

Family Business Roundup: Samsung, Ikea, BMW and Daimler

November 20, 2014

Samsung retires $2.5 billion proposed merger; Ikea doubles down on wind deal; and BMW and Daimler commit to Mexico supply deal

Samsung retires $2.5 billion proposed merger

South Korea’s largest family-owned conglomerate Samsung Heavy Industries has scrapped a proposed $2.5 billion (€1.99 billion) takeover of Samsung Engineering due to shareholder opposition.

Ikea's founder lets go of last official role in the business

May 6, 2014

Ingvar Kamprad, the founder of Swedish flat-pack furniture chain Ikea, has relinquished his last formal roles in the business he founded in 1943.

Ingvar Kamprad, the founder of Swedish flat-pack furniture chain Ikea, has relinquished his last formal roles in the business he founded in 1943.

Kamprad, 88, left his roles on the boards of the two foundations that control Ikea's assets in late December last year, but the announcement was only made recently.