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Agrokor among the leading global family companies

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The Center for Family Business at the University of St. Gallen in Switzerland published its Global Family Business Index together with audit-consulting company EY. The index ranks largest public and private family companies and shows their importance in the global economy. The Center defines family companies as those where a family has a controlling share. On this prestigious list Agrokor is ranked 271st as the only company from the region, along global leaders such as Wal-Mart, Berkshire Hathaway, Ford, BMW, Ikea, Heineken and others.

Cumulative revenues of these companies for 2013 were $6.5 trillion and they employ 21 million people. Half of them are from Europe, while 24% is from North America. Slightly more than half are publicly listed, while 48% are private. The oldest company, Takenaka, was founded in 1610.

Thomas Zellweger from the University of St. Gallen concluded that “family firms are thus a future oriented way of organizing economic activity, and the firms on the list may tell us how this is best achieved.”

The research can be found here.