Biggest family businesses keep going strong
Family businesses are growing faster than the global economy – reveals the latest Global Family Business Index ranking by EY and the University of St. Gallen. On the Top 500 list of global family businesses we can find companies such as BMW, Roche, L’Oréal, Prada and SPAR. Compared with 2021, the firms on the list grew by 10%. The number one is Wal-Mart, owned by the American family Walton, with USD 573bn sales revenue.
Márton Paulovits, mergers and acquisitions director of EY:
“The average age of the managements of the biggest family businesses is 62 years, and less than 20% of companies are consciously preparing for a generation changes by putting a family member younger than 40 years in decision-maker position.” //
This article is available for reading in Trade magazin 2023/4.
Related news
EY: Private label products are in an explosive position
Persistent inflation burdens the budgets of households all over the…
Read more >EY supports female entrepreneurs in Hungary with a new program
EY is introducing a successful global initiative in Hungary.The goal…
Read more >EY: CEOs around the world are optimistic – growth can start
Compared to last year, managers are more optimistic about growth…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >