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Top 5 Wealthiest Businesses to Come out of Europe

19 December 2016 No Comment

Europe is home to many of the most powerful and economically developed countries in the world, as well as more than 740 million people. Based on Forbes list of the biggest companies in the world, the list is dominated by pharmaceutical companies, in addition to several banking, oil and automotive giants. Collectively, Germany has 9 companies on the Forbes list, followed by the United Kingdom with 8, Switzerland and France with 3 apiece and Netherlands and Spain trailing behind with two each. Other countries included in the list are Belgium, Ireland and Denmark, but that’s the countries, the question is, what are the companies?

BMW group

The iconic automotive industry- BMW, most certainly makes this list. The company was founded in 1916, during both World Wars; the company was a major aircraft manufacturer before in dealt with cars and manufactured by German Luftwaffe. Present day though and BMW is part of Germany’s Big Three luxury car manufactures along with Audi and Mercedes-Benz.  Having 2.1 million cars made in 2014 alone, it is one of the largest automakers in the world.

IKEA

At 17, Ingvar Kamprad founded IKEA which is now the world’s largest furniture retailer with sales exceeding £33 billion!  Kamprad’s plan was to set up ‘eternal life’ for IKEA, this means keeping the company off the stock market and securing it within a complex corporate structure that includes charitable arm and a retail and franchise arm.

Inditex

Inditex, a Spanish – based company, is the largest clothing company in the world. It operates more than 6,600 stores worldwide and owns brands like Zara, Oysho, Pull and Bear and Stradivarius. This company has made Amanico Ortega $66.8 billion and the second-richest man in the world.  He started out as a delivery boy for a local clothing store at 14 and then turned a small-town dress shop into one of the largest fashion empires on the planet.

L’Oreal Group

Founded in 1909, L’Oreal is the largest cosmetic company in the world and the company employs about 74,000 people around the world, 400 of which are employed to post Facebook content alone. The largest shareholder is Liliane Bettencourt, the second richest woman in the world with a net worth of $29 billion.

H&M

Owned by Stefan Persson, born in 1947, the same year his father founded a women’s clothing store called Hennes. Persson expanded his business in 1968 when he acquired men’s clothing store Mauritz Widforss. With Hennes and Mauritz came H&M. Six years later, the company went public and in 1976, having attained a degree from the University of Stockholm and Lund University, Persson ended up joing his father at the helm. From here he served as head of UK operations and shortly afer succeeded his father as CEO.

If you strike yourself as a successful business and want to establish yourself with the European continent, make sure you have an EHIC card at the helm as this will cover all the medical concerns and will give you reassurance if any accidents were to occur.

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