Europe is residence to several of the world’s most well-known family enterprises and online casino français games. Its retail, luxury, and industrial sectors are filled with big companies that have been in the family’s hands for many ages. Below are some of the largest family businesses in Europe.
5. ArcelorMittal by Mittal Family
location – Luxembourg
Revenue -$76.84 billion
ArcelorMittal is the world’s biggest company. The Boulevard d’Avranches, the Luxembourg-based company, was founded in 2006 as an outcome of Mittal Steel’s acquisition of Arcelor. It now has a global reach in 60 countries. However, due to increased competition from competing Chinese steel manufacturers, the company’s supremacy in the market has been severely threatened in recent decades.
4. Schwarz Group by Schwarz Family
Location – Germany
Revenue – $91.1 billion
Formed in 1930, the Schwarz Group has grown to become ‘s leading discount retailer, with more than $91 billion in revenue in the fiscal year 2015/2016. The Schwarz Group, which is owned by the Schwarz family, is a major shareholder for legendary supermarket brands with over 10,000 locations worldwide. Schwarz Group is now investing extensively in new technology in its two major companies, Lidl and Kaufland, to gain access into new areas dominated by larger retailers while retaining its dominant position in already acquired markets.
3. BMW by Quandt Family
Location – Germany
Revenue – $92.18 billion
With 31 production units in 14 countries, Bayerische Motoren Werke AG (BMW) is the world’s top maker of premium automobiles and motorbikes. The automobile company, which is based in Munich, Germany, also employs approximately 122,000 people across the world. BMW has recently achieved outstanding sales records, with over 2.24 million automobiles sold in 2015.
2. EXOR Agnelli Family
Location – Italy
Revenue – $136.4 billion
Exor is one of Europe’s major investing firms. The Agnelli family controls the investment titan, which makes long-term investments in a variety of online blackjack businesses, primarily in the United States and Europe. The Economist Group, PartnerRe, Fiat Chrysler Automobiles, Juventus F.C., Ferrari, and CNH Industrial are among its large investments. The Turin-based company employs over 300,000 people and generated $136.4 billion in revenue in 2015, making it Europe’s second-largest family-owned business.
1. Volkswagen AG by Porsche Family
Location – Germany
Revenue – $213.29 billion
Volkswagen Group is among the world’s top three automakers and the biggest automaker in Europe. The organization, headquartered in Wolfsburg, Germany, runs 120 plants in 20 European countries as well as 11 countries in Africa, Asia, and the Americas. In recent years, the group has seen tremendous expansion in its operations, with 10.3 million units sold in 2016, a 3.8 percent increase over 2015.
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