Korea's LG Group Heads Family Business Magazine List of Largest Global Family Companies.Business Editors PHILADELPHIA--(BUSINESS WIRE)--Feb. 8, 2002 LG Group, the troubled conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. owned by South Korea's Koo KOO Korte Officiers Opleiding KOO Key Operating Objectives family, has nevertheless displaced displaced see displacement. Italy's Fiat Group as the largest family business outside the U.S., according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Winter 2002 issue of Family Business, the magazine published for and about family-owned companies. LG, formerly known as Lucky Goldstar, owns South Korea's largest chemical company as well as subsidiaries in telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , consumer electronics and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . It's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have one of South Korea's five mammoth mammoth, name for several large prehistoric elephants of the extinct genus Mammuthus, which ranged over Eurasia and North America in the Pleistocene epoch. chaebols-- family-run industrial groups-- which are currently being organized due to their unwieldy size and structure. But with $81 billion in annual revenues, LG Group ranked first on the Family Business international list, while the Agnelli Agnelli (än-yĕl`lē), family of Italian industrialists. Giovanni Agnelli, 1866–1945, served as a cavalry officer until 1892. family's Fiat group dropped to fourth place with $57.7 billion. The Agnellis' IFI IFI International Financial Institutions (IMF, World Bank, etc.) IFI Institutt For Informatikk (Department of Informatics, University of Oslo) IFI Industrial Fasteners Institute holding company ranked second with $63 billion, and France's Carrefour Group, controlled by the Defforey family, placed third with $61 billion. Family Business, a quarterly, annually ranks the largest and oldest family companies inside and outside the U.S. This year only two U.S. family companies generated higher revenues than the four non-U non-U adj. Chiefly British Not characteristic of the upper class, especially in language usage. [non- + U2. .S. leaders: the Walton family's Wal-Mart  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. stores ($191.3 billion) and
the Ford family's Ford Motor Co. ($170.1 billion).The magazine's latest annual list identifies 116 family companies outside the U.S. with revenues of more than $1 billion. The 116 listed firms Listed firm A company whose stock trades on a stock exchange, and conforms to listing requirements. are spread over 24 countries. Some of the firms-- like Fiat, Chanel Cha·nel , Gabrielle Bonheur Known as "Coco." 1883-1971. French fashion designer famous for her tailored suits and dresses and for her line of perfumes, particularly Chanel No. 5. , L'Oreal, Ikea, BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. , Porsche
Dr. Ing. h.c. F. Porsche AG, often shortened to Porsche AG, or just Porsche, is a German manufacturer of automobiles. , Benetton Benetton may refer to:
Formation (1998-2000) Household Names have been together since 1998, with various members rotating throughout the line-up with singer, Jason Garcia, until it was solidified in the summer of 2000 with bassist/keyboardist, Chris Peters, and drummer, C. J. to Americans. Others are known through their subsidiaries: Japan's Ito-Yokado Ito-Yokado (株式会社イトーヨーカ堂 (7-Eleven), Germany's Bertelsmann For the foundation, see . Bertelsmann AG is a transnational media corporation founded in 1835, based in Gütersloh, Germany. The company operates in 63 countries and employs over 100,000 workers (as of June 30, 2007). In 2006 the company reported a € 19. (Random House), France's Lagardere (Elle ELLE is a worldwide magazine that focuses on women's fashion, beauty, health, and entertainment. It was founded by Pierre Lazareff and his spouse Hélène Gordon in 1945. ELLE was founded in France in 1945. magazine), Britain's Anglo-American An·glo-A·mer·i·can n. An American, especially an inhabitant of the United States, whose language and ancestry are English. adj. 1. Of, relating to, or between England and America, especially the United States. 2. (DeBeers diamonds). Others are unknown outside their own countries. France had the largest number of companies on the list with 19, followed by Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). with 15, Mexico Mexico, city, Mexico Mexico or Mexico City, Span. Ciudad de México (Méjico), city (1990 pop. 8,236,960; 1991 met. area est. 20,899,000), central Mexico, capital and largest city of Mexico. , Italy and Spain with nine each, and the United Kingdom with eight. China, thanks to its 1997 annexation annexation, in international law, formal act by which a state asserts its sovereignty over a territory previously outside its jurisdiction. Many kinds of territory have been subject to annexation, chief among them those inhabited by settlers of the annexing power, of Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , was represented by four family companies. Family Business magazine's lists are unique because of the difficulty of defining and identifying family companies. The list of largest non-U.S. companies included any company in which a family seems to exercise a significant presence, whether through ownership or management, but not necessarily both. Although the magazine found 116 billion-dollar family companies outside the U.S., last fall it found 138 in the U.S. alone. "Between shifting disclosure regulations and shifting currency exchange rates, pinning down precise numbers and owners is far more challenging for global companies than for those in the U.S.," notes editor Dan Rottenberg. A list of the 116 companies follows. For more details about the companies, see www.familybusinessmagazine.com.
2002 Family Business Magazine List
Largest Global Family Companies
Company ((1) Publicly Traded) Industry Country
1. LG Group Conglomerate South Korea
2. Ifi Istituto Finanziario
Industriale S.p.A.(1) Diversified
Holdings Italy
3. Carrefour Group(1) Retailing France
4. Fiat Group(1) Automobiles Italy
5. PSA Peugeot Citroen S.A.(1) Automobiles France
6. Novartis Group(1) Health/Personal Care Switzerland
7. Santander Central
Hispano S.A. Banking Spain
8. BMW (Bayerische Motoren
Werke AG)(1) Automobiles Germany
9. Tengelmann Group Retailing Germany
10 Robert Bosch Gmbh Auto Parts Germany
11. ALDI Group Food Retailing Germany
12. Samsung Electronics(1) Electronics South Korea
13. Ito-Yokado(1) Convenience Stores Japan
14. J Sainsbury(1) Retail Groceries United Kingdom
15. Pinault-Printemps Redoute(1) Retailing France
16. Auchan Retailing France
17. Bouygues(1) Construction France
18. Bertelsmann Publishing/Media Germany
19. Otto Group Catalogs/Retailing Germany
20. Michelin(1) Tires/Travel France
21. Anglo-American(1) Gold/Diamonds United Kingdom
22. Hyundai Motor(1) Automobiles South Korea
23. Karstadt Quelle(1) Retailing Germany
24. Groupe Danone(1) Food Products France
25. Suntory Ltd. Liquor Japan
26. Lagardere(1) Defense Systems/
Magazines France
27. Henkel Group(1) Chemicals Germany
28. L'Oreal(1) Cosmetics France
29. Power Corporation of Canada Mutual Funds/
Utilities Canada
30. Cathay Life Insurance(1) Insurance Taiwan
31. LVMH Moet Hennessy
Louis Vuitton(1) Luxury Goods France
32. Bombardier(1) Aerospace/Defense Canada
33. SHV Holdings N.V. Energy Holdings Netherlands
34. Gerling-Konzern
Versicherungs-
Beteiligungs AG Insurance Germany
35. Grupo Carso(1) Conglomerate Mexico
36. El Corte Ingles Retailing Spain
37. Sodexho Alliance(1) Food Services France
38. Tchibo Holding Coffee/Tobacco Germany
39. Tetra Laval Packaging Switzerland
40. Investor AB(1) Industrial Holdings Sweden
41. Holcim Ltd.(1) Cement Switzerland
42. Ikea Furniture Denmark
43. Tata Enterprises Textile/Steel/Autos India
44. Grupo Financiero
BBVA-Bancomer(1) Banking Mexico
45. Kumagai Gumi Co. Ltd.(1) Contractor Japan
46. Empire Company Limited(1) Supermarkets/
Real Estate Canada
47. Hutchison Whampoa(1) Telecom/Retail/
Energy China
48. Parmalat Finanziaria
S.p.A.(1) Dairy Products Italy
49. Koc Group(1) Conglomerate Turkey
50. Thomson Corp.(1) Media Canada
51. Associated British Foods(1) Food/Household
Products United Kingdom
52. SAP(1) Software Germany
53. Boehringer Ingelheim Pharmaceuticals Germany
54. ERG S.p.A.(1) Oil/Energy Italy
55. C&A Retailing Netherlands
56. Haci Omer Sabanci Holding(1) Conglomerate Turkey
57. Cemex(1) Building/Materials Mexico
58. McCain Foods Limited Food Processing Canada
59. Sonepar Electrical Equipment France
60. Dogus Group Banking/Construction Turkey
61. Lazard LLC Investment Banking France
62. Saudi Binladin Group Congolomerate Saudi Arabia
63. Fomento Economico
Mexicano (FEMSA)(1) Brewing Mexico
64. Reliance Industries(1) Chemicals India
65. Fomento de Construcciones
y Contratas(1) Construction Spain
66. Andre & Cie S.A. Grain Trading Switzerland
67. Comp. Brasileira de
Distribuic(1) Retailing Brazil
68. Oetker Group Conglomerate Germany
69. Bollore(1) Oil/Transport France
70. Espirito Santo Financial
Group S.A.(1) Insurance/Banking Luxembourg
71. BCD Holdings Travel/Financial
Services Netherlands
72. Otsuka Pharmaceutical Pharmaceuticals/
Drinks Japan
73. Italmobiliare S.p.A.(1) Concrete/Paper/
Services Italy
74. Porsche(1) Automobiles Germany
75. Grupo Ferrovial(1) Construction Spain
76. Sun Hung Kai Properties(1) Real Estate China
77. Jeronimo Martins Food Retailing Portugal
78. Dassault Aviation(1) Aviation France
79. Littlewoods Organisation Retailing United Kingdom
80. Grupo Bimbo, S.A.(1) Bread/Tortillas Mexico
81. Metalurgica Gerdau S.A.(1) Steel Brazil
82. Grupo Modelo(1) Beer Mexico
83. H&M Hennes & Mauritz AB(1) Clothing Retailing Sweden
84. Globo Group Media Brazil
85. Daily Mail and General
Trust(1) Media United Kingdom
86. Acciona(1) Construction Spain
87. Organizacion Soriana(1) Supermarkets Mexico
88. Mohammad Abdul-Mohsin
Al-Kharafi & Sons Trading/Contracting Kuwait
89. Labinal(1) Engines France
90. Cheung Kong(1) Property Development China
91. Inditex Clothing Spain
92. Mercadona Supermarkets Spain
93. Verlagsgruppe Georg
von Holtzbrinck Publishing Germany
94. Grupo Televisa(1) Media Mexico
95. Barilla G & R Fratelli
S.p.A. Pasta Italy
96. COFIDE(1) Holding Company Italy
97. Swire Pacific Ltd.(1) Real Estate/
Investments China
98. Benetton Group(1) Fashion Italy
99. Schroders(1) Money Management United Kingdom
100. Saudi Oger Construction Lebanon
101. Bonnier AB Publishing Sweden
102. Publicis Groupe(1) Advertising France
103. Grupo Casa Saba(1) Textiles/Real
Estate Mexico
104. Gudang Garam(1) Tobacco Indonesia
105. Merloni Elettrodomestici(1) Appliance Components Italy
106. Garanti Bank Finance Turkey
107. JCB Constuction United Kingdom
108. Visy Industries Paper Australia
109. C&J Clark International Ltd. Shoe Manufacturing United Kingdom
110. Roca Radiadores(1) Sanitary Products Spain
111. Serono Group(1) Pharmaceuticals Switzerland
112. Lego Group Toys Denmark
113. Hermes International(1) Leather Goods France
114. Bankinter, S.A.(1) Banking Spain
115. Mabuchi Motor Co.(1) Motors Japan
116. Chanel Fashion/Perfume France
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