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Family business roundup: Growth for Gebruder Weiss and Koc, H&M sales dip

March 19, 2013

There has been good news at some large family businesses recently, with Gebruder Weiss, Volkswagen and Koc Holding publishing strong results.

Gebruder Weiss
In Austria, Gebruder Weiss - owned by the Weiss and Jerie families – reported an 8% rise in net sales in its provisional 2012 results, released 19 March. Revenues at the transport and logistics company were €1.15 billion for the year to 31 December, compared to €1.07 billion in 2011.

Family business roundup: Strong results for Inditex, Merck, Mercadona and Sabanci

March 14, 2013

Several European family businesses have posted encouraging results for 2012, with Inditex, Merck, Mercadona and Henkel all reporting strong revenue increases.

Inditex
On 13 March, Spanish clothing giant Inditex said revenues for its fiscal 2012 were €15.9 billion – an increase of 16% on 2011's figures.

Family business roundup: Bel Group and MasTec post big profits; Bombardier falters

March 1, 2013

In North America and Europe, family businesses have been posting annual and fourth quarter results of varying fortunes. Bel Group and AB InBev are on the up, while things weren’t as bright for two Canadian family businesses.

Family business roundup: Lego and Prada post big profits, Walmart reflects on a solid year

February 22, 2013

It has generally been a strong week for family business results, with Lego and Prada posting impressive profits for 2012, while Walmart reported solid growth.

Lego
In the face of sluggish economic recovery in Denmark, the toymaker famous for making billions of small, coloured bricks every year has posted outstanding results for 2012.

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.

Family business roundup: Stormy results for Loews and ArcelorMittal; better at News Corp and Douglas

February 11, 2013

Bad weather and austerity have taken their toll on Loews and ArcelorMittal, with the family businesses reporting losses in the last quarter. But family-controlled News Corp and Douglas Holdings have fared better.

Loews Corp
Loews, the US conglomerate controlled by Tisch family, reported a multi-million loss in its fourth quarter on 11 February, linked to catastrophe losses at CNA Financial, its insurance division, due to Hurricane Sandy.

Family business roundup: Good Q2 for Estee Lauder; LVMH, Paccar, Ferragamo and Luxottica post excellent 2012 results

February 5, 2013

Family businesses in Europe and the US have been reflecting on 2012 – with encouraging results reported by Luxottica, Ferragamo, LVMH and Paccar. Meanwhile, Estee Lauder posted strong sales for its second quarter.

Family business roundup: Profits up at H&M, historic fourth quarter for Ford, good results for Fiat

January 30, 2013

More financial results have come in for 2012, with the profits of family-controlled H&M, Fiat and Ford buffeted by Europe's continuing economic problems. Meanwhile, Associated British Foods – run by the Westons – had a strong start to 2013.

Family business roundup: Growth for Ikea, Swatch and Richemont, Metro and Douglas soldier on

January 23, 2013

The latest results show 2012 was a good year for many European family businesses; secretive Ikea published strong results, and luxury groups Richemont, Swatch and Remy Cointreau also reported encouraging figures. But German-based Metro Group and Douglas Holding had to fight for growth in the household goods market.

Ikea
Swedish giant Ikea Group published its 2012 financial results on 23 January – only the fourth time it has published results in its 70-year history.

Family business roundup: Hermes, Maersk and Toyota post good results, while Louis Dreyfus sees a fall

November 14, 2012

From carmaking to media and construction, family businesses around the world are seeing significant growth in revenues and profit, with the Moller-Maersk Group, BMW and MasTec all reporting good results. But things aren't looking as bright for family-controlled commodities trader Louis Dreyfus.