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Loblaw

FB Roundup: Adani Group, Crown Resorts, W Galen Weston

April 19, 2021

Walton, Adani and Ambani families vie for Indian e-consumers, James Packer’s Crown casino courted by second US private equity firm, ‘Visionary’ retail magnate W Galen Weston dies aged 80.

Walton, Adani and Ambani families vie for Indian e-consumers

The Walton family-controlled e-commerce platform Flipkart and Gautam Adani, principal of India’s second wealthiest family, are taking on the Ambani family’s Reliance Industries and Amazon by building a huge new fulfilment centre in Mumbai.

Family business roundup: Steady growth for Loblaw and Swatch

July 25, 2013

Big family businesses Loblaw and Swatch reported comfortable growth for the first half of 2013 – although Swatch had a tough act to follow after last year's stellar results.

Loblaw
The Weston family's Canadian grocery chain, Loblaw, announced revenues of CAD$7.5 billion (€5.5 billion) for the second quarter of 2013 – an increase of 2% compared to the same period last year – and a 14.1% increase in net earnings to CAD$178 million.

Family business roundup: Headline results

May 3, 2013

Good results news for Estee Lauder, MasTec, Marriott, McGraw Hill and Loblaw, tough times for Loews and Volkswagen.

Estee Lauder (2 May)
Estee Lauder, the skin care company controlled by the eponymous family, announced 2% sales increases for the third quarter of 2013 to $2.29 billion (€1.7 billion).

But profits rose dramatically to $178.8 million, as the group's restructuring efforts of the past couple of years began to deliver cost savings.

Primark offers Bangladesh emergency aid

May 1, 2013

Primark, the British-based discount clothing chain, is offering compensation and emergency aid after a supplier’s factory in Bangladesh collapsed, claiming more than 400 lives.

The Rana Plaza, on the outskirts of the capital Dhaka, collapsed last week. The building's owner, Mohammed Sohel Rana, has been arrested amid allegations of negligence and illegal construction.

Family business roundup: Acquisitions for Joh A Benckiser and PPR, Gruma buys back company shares

December 19, 2012

From tortilla and coffee producers to luxury goods and retail groups, it’s been a week of acquisitions for family businesses in North America and Europe, with companies including Jon A Benckiser and PPR buying new assets.

Joh A Benckiser

Joh A Benckiser, the holding company of the German Reimann family, is to acquire the US’s second largest coffee operator – Caribou Coffee – for about $340 million (€258 million).