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Walmart

September 7, 2017

Businesses need to do more on climate change, says Mars chief; Lego revenue drops, 1,400 jobs to go; and Walmart family member sells $62 million in shares.

Businesses need to do more on climate change, says Mars chief

US conglomerate Mars has announced it is combining its founding family’s principles with science to develop a plan to tackle the “urgent threats facing the planet and its people”.

June 14, 2017

Walmart staff deliver, Heineken takeover challenged, and Nordstrom family to buy out

Walmart staff deliver

Family business giant Walmart encouraging staff to make online-order deliveries on their way home is a “win-win-win” for workers, customers and the business.

The retailer is attempting to head off competition from Amazon and pitched the idea as a way for staff to make extra money, while the business cuts costs.

May 25, 2017

Walmart reports huge jump in US online sales, next-generation family member joins Vedanta board, and GIIN survey says big financial firms bring mixed blessings for impact investing  

Walmart reports huge jump in US online sales

The family-owned retail giant Walmart has reported a modest rise in total revenues and a much larger increase in US online sales.

As it looks to take on e-commerce behemoths such as Amazon, the US-based retailer achieved a 63% rise in US online sales in the first quarter of this year.

Walmart’s online ambitions were demonstrated last year by its $3.3 billion acquisition of the internet retailer Jet.com.

January 17, 2017

The Walton family grew American retail chain Walmart into the largest retailer in the world and became the richest family in the US in the process. CampdenFB takes a look at the people behind the brand. 

The Walton family grew American retail chain Walmart into the largest retailer in the world and became the richest family in the US in the process. CampdenFB takes a look at the people behind the brand. 

January 9, 2017

Enterprising family businesses and how next-generation leaders are pushing the boundaries 

January 6, 2017

Goya Foods donates 10,000 pounds of food per month to Catholic diocese; Walmart Reaches Deal With Visa to End Credit-Card Ban in Canada; and Volkswagen Group says ‘auf wiedersehen’ to official language

Goya Foods donates 10,000 pounds of food per month to Catholic diocese

Goya Foods, the largest Hispanic-owned food company in the United States, has revealed it will donate 125,000 pounds of food to an agency dedicated to serving the less fortunate in northern New Jersey.

Based in Jersey City, Goya Foods will send 10,000 pounds of food each month to Catholic Charities of the Archdiocese of Newark, which will distribute the goods to Hudson, Bergen, Essex and Union counties.

November 18, 2016

New Henkel CEO to boost investments; America Movil CFO to hike dividends; and Walmart's Q3 hammered in the UK

New Henkel CEO to boost investments

German consumer goods maker Henkel AG & Company, led by the Henkel family since 1876, said it plans to increase spending in order to promote its top brands in emerging markets.   

According to new chief executive Hans van Bylen, who took over in May, the group will invest as much as €3 billion ($3.2 billion) in the next four years.

September 1, 2016

Family business Toyota shot up almost one-third in its brand portfolio value to $55.3 billion this year, in the latest annual evaluation of the world’s most powerful brands.

Family business Toyota shot up almost one-third in its brand portfolio value to $55.3 billion this year, in the latest annual evaluation of the world’s most powerful brands.

The Japanese company owned by the Toyoda family grew by 30% to become the fifth fastest growing portfolio of brands, according to branded business valuation and strategy consultancy Brand Finance.

July 21, 2016

Five of the world’s largest family businesses in the top 20 of the new Fortune Global 500 have seen their combined revenues slump by more than $74.5 billion compared to last year.

Five of the world’s largest family businesses in the top 20 of the new Fortune Global 500 have seen their combined revenues slump by more than $74.5 billion compared to last year.

The 2015 fiscal year impacted the bottom lines of Volkswagen, Toyota Motor, Samsung Electronics, and EXOR Group by almost 6% with not even Walmart, controlled by the Walton family, immune from sales falling for the first time, Fortune reported.

Berkshire Hathaway was the exception to the rule, with revenue up by more than 7%.

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