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Peugeot Citroen

Family business roundup: Good year for PPR and Heineken, Saputo plateaus and Peugeot Citroen continues to struggle

February 15, 2013

It has been a week of mixed fortunes for family businesses, with Heineken and PPR riding high, Saputo treading water in its third quarter and Peugeot continuing to flounder.

PPR
In the fashion world PPR, the French luxury goods firm that owns Gucci and Yves Saint Laurent among others, posted excellent annual results on 15 February.

The Pinault family-controlled company reported a net income rise of 6.3% to €1.4 billion, while revenues jumped 20.8% to €9.7 billion.

French government criticises Peugeot family over ailing carmaker

September 12, 2012

The French government has criticised the family behind carmaker Peugeot Citroen over its stewardship of the struggling family business.

In a report, released in response to Peugeot’s planned job cuts, Emmanuel Sartorius, a senior civil servant in the finance ministry, seemed to suggest that Peugeot had at times put the family’s financial interests ahead of the company.

Peugeot reportedly in talks with GM – but will the family dilute its stake?

February 29, 2012

French carmaker Peugeot Citroen is reportedly planning to raise around €1 billion through a share rights issue, but whether this would dilute the Peugeot family’s stake in the business is not yet known.

According to reports by the financial media, General Motors, which is the world’s largest automobile-maker, will buy a 7% stake in Peugeot as part of the share sale.

Family business roundup: Peugeot in talks with GM while Walmart’s profit falls

February 24, 2012

Two of the world’s largest family businesses had a mixed week. US retail giant Walmart saw profits drop, while Peugeot Citroen reportedly looked to team up with General Motors to better compete in the fiercely competitive European car market.

Walmart, the supermarket chain controlled by the Walton family, said net profits for the year ended 31 January 2012 fell by 4.2% to $15.7 billion (€11.69 billion), from $16.4 billion the previous year.

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-controlled carmakers see a spring in their step

February 10, 2011

The year has started on a positive note for family-controlled carmakers, with BMW, Audi and Peugeot Citroen reporting a rise in sales. Helped by surging demand not just in emerging markets, but also the developed world, it has raised hopes that the worst of recession may be running its course for the automobile sector.

Family performance indices

February 1, 2002

So, are family businesses performing better?

". . . when they are strong, they are the best . . . when they are bad, they are horrid"
Katherine Graham, former family CEO of the Washington Post Company