Family pride surviving wars and plagues

Article Abstract:

Durtnells is one of a few British family businesses which have survived in the same trade over several centuries. It was formed in 1591 in Brasted, Kent by John Durtnell and is now run by 12th generation descendants John and Richard. The company has a reputation for high-quality craftsmanship, specializing in restoration work. Durtnell's has an annual turnover of 14 million pounds sterling. Thrift and caution are family characteristics applied to business. Another family business, the Folkes group, is the oldest company with a current stock market listing. The iron-forging business was founded in the Black Country in 1699. Saving and thrift is the family policy.

History, Family-owned business enterprises, Family-owned businesses, Durtnells, Folkes Group PLC

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Clark family in sell-off bonanza

Article Abstract:

Property group MEPC is to purchase three factory outlets from shoe manufacturer and retailer C and J Clark. This will bring considerable benefits for Clark's around 400 family shareholders, who will receive 53 million pounds sterling of the proceeds of the sale. Some money will also go to the company's 6,000 employees. The company has a Quaker tradition, so a lot of the money will probably be reinvested. The three factory outlets achieved profits of around 3 million pounds sterling in 1996.

Mergers, acquisitions and divestments, MEPC PLC, Outlet stores, Factory outlets, C and J Clark Ltd.

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Revamped WH Smith left 200m pounds sterling in the red

Article Abstract:

Retail group WH Smith is expected to report losses of around 200 million pounds sterling when it announces its latest financial results in Aug 1996. This will be the result of extensive restructuring, which will include exceptional charges of 285 million pounds sterling and 1,100 job cuts. The core WH Smith operations have been experiencing difficulties recently, especially against a background of rising competition from supermarkets.

Finance, Retail industry, Retail trade, WH Smith Group PLC

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