Rothschild & Co

Total Page:16

File Type:pdf, Size:1020Kb

Rothschild & Co Rothschild & Co Annual Report 2017 Annual Report 2017 Report Annual WorldReginfo - 145370ec-15f4-41f1-b402-4af90622e0bc WorldReginfo - 145370ec-15f4-41f1-b402-4af90622e0bc Contents Message from the Chairman of the Supervisory Board 4 Message from the Chairman 5 Message from the Management Board 6 1. Overview Overview of businesses 10 World presence 12 Corporate governance 14 Organisation chart 17 Corporate Social Responsibility 18 Shareholder information 19 2. Business review Rothschild Global Advisory 24 Rothschild Private Wealth & Asset Management 30 Rothschild Merchant Banking 37 3. Management report Results for the 2017 financial year 46 Information on the Company and share capital 54 Internal control, risk management and accounting procedures 66 Corporate governance 73 Corporate Social Responsibility 98 4. Financial statements Consolidated financial statements 118 Parent company financial statements 181 Rothschild & Co | Annual Report 2017 1 WorldReginfo - 145370ec-15f4-41f1-b402-4af90622e0bc History Preserving a first-class reputation across generations Paris Orléans streamlines its Relaunch of Rothschild’s organisation, French financial optimises its regulatory activities through Paris capital and preserves Rothschild & Co pursues Orléans following family control, with its its simplification with Rothschild & Co offers Creation of the nationalisation of conversion into the removal of banking full-scale financial advice Paris Orléans, a French the Rothschild French a partnership licences and the sale of and services around railway company. bank in 1981. limited by shares. non-core business. the world. 1838 1982 2012 2016 Today 1937 2008 2015 2017 Paris Orléans Paris Orléans acquires Paris Orléans Rothschild & Co discontinues control of the banking changes its name completes the merger railway business. activities at a global to Rothschild & Co, with Compagnie level and completes a necessary Financière Martin reorganisation of family step in the Maurel to enhance shareholdings. Group’s its Private Wealth transformation. business. 2 Rothschild & Co | Annual Report 2017 WorldReginfo - 145370ec-15f4-41f1-b402-4af90622e0bc Key figures A distinct perspective that makes a meaningful difference Key figures for the 12 months to December 2017 (versus 12 months to December 2016) (1) Rothschild & Co provides independent advice Revenues on M&A, strategy and financing, as well as investment and private wealth and asset +12% management solutions to large institutions, €1,910m families, individuals and governments, worldwide. With approximately 3,500 talented employees Operating income on the ground in over 40 countries around the world, we deliver a unique global perspective. €456m +18% As a family-controlled business that has been at the centre of the world’s financial markets for over 200 years, we can rely on an unrivalled network of experts and are known for our track Net profit – Group share (2) record of outstanding execution in financial services. €247m +35% Our integrated global network of trusted professionals and decision-makers provide in-depth market intelligence, meaning we can be closer to current issues than any other global EPS(2) (Earnings Per Share) financial institution in our core markets. Informed by experience yet not limited by +25% convention, we are able to separate insight €3.33 from information and access opportunities for our clients from a unique angle. It is this scale, local knowledge and intellectual ROTE(2) (Return On Tangible Equity) capital that allow us to provide a distinct perspective and effective long-term solutions 17.2% +19% for our partners. Shareholders’ equity – Group share €1,912m +24% (1) As a result of the change in financial year from 31 March to 31 December, the financial year 2017 spanned only nine months (April to December 2017). To facilitate the understanding of the activity, Rothschild & Co presented its results for the full calendar year 2017 compared to the calendar year of 2016. (2) Excluding exceptional items. For more information, please refer to page 46. Rothschild & Co | Annual Report 2017 3 WorldReginfo - 145370ec-15f4-41f1-b402-4af90622e0bc Message from the Chairman of the Supervisory Board Dear Shareholders, I would like to thank the Supervisory Board, the Mr. Jacques Richier, board member for the last six years, management team and the employees for their hard work decided to step down in 2017 in order to focus on his new and dedication over this period allowing us to announce role within the Group as a member of Rothschild Martin another excellent set of financial results. The Managing Maurel’s Supervisory Board. I would like to take this Partner, Rothschild & Co Gestion, represented by its opportunity to thank Mr. Richier for all the valuable Chairman, David de Rothschild, its Executive Deputy advice he has provided and I am pleased that the Group Chairman, Alexandre de Rothschild and the four Managing will still benefit from his wisdom in his new position. Partners, Nigel Higgins, Marc-Olivier Laurent, Robert Leitão We were delighted to welcome Mrs. Suet-Fern Lee to the and Olivier Pécoux, lead the Group with vision and energy. Board following her appointment at the Shareholders Their successful strategy is committed to building long-term General Meeting last year. Mrs. Lee has significant value for shareholders and over the last five years they have experience as senior partner of a law firm specialising in successfully diversified the Group’s sources of income, mergers and acquisitions. With her deep understanding creating some very exciting prospects. of Southeast Asian markets, her appointment strengthens At the Shareholders’ General Meeting held on the Board for the benefit of our shareholders. Six female 28 September 2017, shareholders gave their approval members sit on a board totalling fourteen members for the change in our financial year end from 31 March and one non-voting member, and comprising nine to 31 December. As a result of this change, the statutory independent members. reporting for 2017 covers only nine months (April to In the present annual report and the Company’s website, December 2017). To enable a better understanding of its you will find more detailed information on the Board’s performance, Rothschild & Co has chosen to present its composition. In addition, our Shareholders’ General Meeting results for the full 2017 calendar year versus the 2016 document to be published soon, will provide you detailed calendar year. From now on, our results will continue to information regarding those members whose re-election be presented on this twelve-month basis. Information will be on the agenda of the Shareholders’ General Meeting for the nine-month period, from April to December 2017, this year. can be found in the Consolidated Financial Statements. Shareholders will also be asked to approve a dividend As Chairman of the Supervisory Board, my role is to ensure of €0.68 per share at the same meeting, unchanged that the Company maintains a high level of corporate compared to last year but for a nine-month period. governance. The Supervisory Board exercises permanent oversight of the management of the Company, including Last, but not least, I would like to thank you as always in particular the Company’s financial accounting reporting for your loyal support for Rothschild & Co. system and its internal control mechanisms. This year has been particularly active in France as the merger with Martin Maurel has created significant, additional challenges. Eric de Rothschild The composition of the Supervisory Board has slightly Chairman of the Supervisory Board of changed over the past twelve months, with the re-election Rothschild & Co of Mr. André Levy Lang and myself, the departure of Mr. Jacques Richier and the nomination of Mrs. Suet-Fern Lee. 4 Rothschild & Co | Annual Report 2017 WorldReginfo - 145370ec-15f4-41f1-b402-4af90622e0bc Message from the Chairman Dear Shareholders, 2017 has been another strong year for Rothschild & Co. Our Long-term thinking is also one that has always guided us Group has reached global scale today which demonstrates in our strategic choices. The integration of Rothschild & the relevance of our model and our values. We believe that Compagnie Banque and Banque Martin Maurel in France, purpose and principles allow us to hire some of the most was finalised in July to create Rothschild Martin Maurel talented individuals who together form true partnerships and we welcomed some 500 new colleagues to the Group, and teams across more than 40 countries. whilst expanding our geographic footprint, essentially in France. The combination of two family-owned businesses Our Global Advisory business had another record-breaking that share a similar history and understanding of their year in terms of revenues and we maintained our leading industry is on track to creating a first class group to serve position as the number one advisor for the number of deals our clients. globally. Private Wealth and Asset Management saw a significant improvement in revenue and profits thanks Before ending my message I would like to share with you to tight cost control and strong organic growth. Our more some information concerning our investment in the United recently developed Merchant Banking business is starting States in mergers and acquisitions and restructurings. to reach maturity and we saw its revenue jump 39%. In this world leading market, we have significantly strengthened our teams in New York, continued to develop Thanks to these strong results, our shareholders will be in Los Angeles, Chicago and launched our new team rewarded with a dividend of €0.68 per share, which specialising in technology, based in the heart of Silicon although at the same level as last year, represents an Valley. We will pursue this investment policy which we effective increase since it is only for a shorter nine-month believe will lead to strong results. period, in line with our progressive dividend policy. This will be subject to approval at the Annual General Meeting to be At the end of this more than satisfactory period, I would held on 17 May 2018.
Recommended publications
  • Barings Bank Disaster Man Family of Merchants and Bankers
    VOICES ON... Korn Ferry Briefings The Voice of Leadership HISTORY Baring, a British-born member of the famed Ger- January 17, 1995, the devastating earthquake in Barings Bank Disaster man family of merchants and bankers. Barings Kobe sent the Nikkei tumbling, and Leeson’s losses was England’s oldest merchant bank; it financed reached £827 million, more than the entire capital the Napoleonic Wars and the Louisiana Purchase, and reserve funds of the bank. A young rogue trader brings down a 232-year-old bank. and helped finance the United States government Leeson and his wife fled Singapore, trying to “I’m sorry,” he says. during the War of 1812. At its peak, it was a global get back to London, and made it as far as Frankfurt financial institution with a powerful influence on airport, where he was arrested. He fought extradi- the world’s economy. tion back to Singapore for nine months but was BY GLENN RIFKIN Leeson, who grew up in the middle-class eventually returned, tried, and found guilty. He was London suburb of Watford, began his career in sentenced to six years in prison and served more the mid-1980s as a clerk with Coutts, the royal than four years. His wife divorced him, and he was bank, followed by a succession of jobs at other diagnosed with colon cancer while in prison, which banks, before landing at Barings. Ambitious and got him released early. He survived treatment and aggressive, he was quickly promoted settled in Galway, Ireland. In the past to the trading floor, and in 1992 he was “WE WERE 24 years, Leeson remarried and had two appointed manager of a new operation sons.
    [Show full text]
  • The Rothschild Bibliography Caroline Shaw of the Rothschild Archive Describes Her Attempts to Chart the Family’S Countless Ventures Into Print
    The Rothschild Bibliography Caroline Shaw of The Rothschild Archive describes her attempts to chart the family’s countless ventures into print The ‘Dunottar Castle’ from the cover of Three weeks in South Africa by Ferdinand de Rothschild Has there ever been such a family as the Rothschilds for getting into print? For me, after working on this project for two years, the question is coloured by a mixture of wonder and exasperation. Will they never stop publishing? Of course, one hopes not; but is there to be no rest for the bibliographer? It has been a long-standing goal of The Rothschild Archive to compile a bibliography of publications by members of the Rothschild family and now, 1,840 entries by fifty-one individuals further on, we are perhaps ready to acknowledge that critical mass has been reached whilst accepting that completion may never be achieved. The initial motivation for producing The Rothschild bibliography was a desire to bring some kind of intellectual order to this not insignificant aspect of the activities of the Rothschild family. It has been a mapping of a wide and diverse terrain and revealed some previously uncharted areas. Beyond this, and the greater insight allowed into the lives and interests of many members of the family, the bibliography has brought some other benefits to the Archive. New acquisitions have followed from our greater knowledge and awareness of the publications; and the ever-expanding database of references has also built up into a guide for locating material, whether held at the Archive or at another institution.
    [Show full text]
  • Descendants of Mayer Amschel Rothschild
    Descendants of Hirsch (Hertz) ROTHSCHILD 1 Hirsch (Hertz) ROTHSCHILD d: 1685 . 2 Callmann ROTHSCHILD d: 1707 ....... +Gütle HÖCHST m: 1658 .... 3 Moses Callman BAUER ....... 4 Amschel Moses ROTHSCHILD ............. +Schönche LECHNICH m: 1755 .......... 5 Mayer Amschel ROTHSCHILD b: 23 February 1743/44 in Frankfurt am Main Germany d: 19 September 1812 in Frankfurt am Main Germany ................ +Guetele SCHNAPPER b: 23 August 1753 m: 29 August 1770 in Frankfurt am Main Germany d: 7 May 1849 Father: Mr. Wolf Salomon SCHNAPPER .............. 6 [4] James DE ROTHSCHILD b: 15 May 1792 in Frankfurt am Main Germany d: 15 November 1868 in Paris France .................... +[3] Betty ROTHSCHILD Mother: Ms. Caroline STERN Father: Mr. Salomon ROTHSCHILD ................. 7 [5] Gustave DE ROTHSCHILD b: 1829 d: 1911 .................... 8 [6] Robert Philipe DE ROTHSCHILD b: 19 January 1880 in Paris France d: 23 December 1946 .......................... +[7] Nelly BEER b: 28 September 1886 d: 8 January 1945 Mother: Ms. ? WARSCHAWSKI Father: Mr. Edmond Raphael BEER ....................... 9 [8] Alain James Gustave DE ROTHSCHILD b: 7 January 1910 in Paris France d: 1982 in Paris France ............................. +[9] Mary CHAUVIN DU TREUI ........................... 10 [10] Robert DE ROTHSCHILD b: 1947 .............................. 11 [11] Diane DE ROTHSCHILD .................................... +[12] Anatole MUHLSTEIN d: Abt. 1959 Occupation: Diplomat of Polish Government ................................. 12 [1] Anka MULHSTEIN ......................................
    [Show full text]
  • Annual Report 2017 Annual Report 2017
    Rothschild & Co Annual Report 2017 Annual Report 2017 Report Annual Contents Message from the Chairman of the Supervisory Board 4 Message from the Chairman 5 Message from the Management Board 6 1. Overview Overview of businesses 10 World presence 12 Corporate governance 14 Organisation chart 17 Corporate Social Responsibility 18 Shareholder information 19 2. Business review Rothschild Global Advisory 24 Rothschild Private Wealth & Asset Management 30 Rothschild Merchant Banking 37 3. Management report Results for the 2017 financial year 46 Information on the Company and share capital 54 Internal control, risk management and accounting procedures 66 Corporate governance 73 Corporate Social Responsibility 98 4. Financial statements Consolidated financial statements 118 Parent company financial statements 181 Rothschild & Co | Annual Report 2017 1 History Preserving a first-class reputation across generations Paris Orléans streamlines its Relaunch of Rothschild’s organisation, French financial optimises its regulatory activities through Paris capital and preserves Rothschild & Co pursues Orléans following family control, with its its simplification with Rothschild & Co offers Creation of the nationalisation of conversion into the removal of banking full-scale financial advice Paris Orléans, a French the Rothschild French a partnership licences and the sale of and services around railway company. bank in 1981. limited by shares. non-core business. the world. 1838 1982 2012 2016 Today 1937 2008 2015 2017 Paris Orléans Paris Orléans acquires Paris Orléans Rothschild & Co discontinues control of the banking changes its name completes the merger railway business. activities at a global to Rothschild & Co, with Compagnie level and completes a necessary Financière Martin reorganisation of family step in the Maurel to enhance shareholdings.
    [Show full text]
  • Paintings and Works of Art from the Estates of Baron Fould-Springer and Cécile De Rothschild
    15 January 2003 Contact: Céline Hersant-Hoerter (Paris) 33 1 40 76 85 88 [email protected] Catherine Fenston (Londres) 44 (0) 207 389 2982 [email protected] PAINTINGS AND WORKS OF ART FROM THE ESTATES OF BARON FOULD-SPRINGER AND CÉCILE DE ROTHSCHILD Christie’s Paris 11 March 2003 Paris – Christie’s is to offer paintings and works of art from the estates of Baron Fould-Springer and Cécile de Rothschild on 11 March 2003. After the success of the sales of Rothschild Collections in London, Geneva and New York, Christie’s France is delighted to have been chosen as the auctioneer to hold the sale of works of art from the Estate of a member of the French branch of this illustrious family. The pieces to be included in the sale comprise French furniture and works of art, Asian art, silver, porcelain, maiolicas and paintings. Estate of Baron Fould-Springer Max Fould-Springer (1906 – 1999) was born in Vienna to an Austrian mother, whose family had businesses in Central Europe and France, and to a French father, descending from the illustrious Fould family of bankers that goes back to the Second Empire. Although he felt profoundly French throughout his life, his name - which was ennobled by Emperor François- Joseph of Austria (1830-1916) – made him a faithful adherent and supporter of both cultures. Though not a passionate collector, Baron Fould-Springer had a great sense of taste and an incomparable talent for successfully combining works of art and objects from different periods and styles, many of which were acquired by his father, Baron Eugène Fould-Springer, in the 19th century.
    [Show full text]
  • At the Centre of an Evolving Industrial World
    REGISTRATION AT THE CENTRE DOCUMENT 2011 OF AN EVOLVING INDUSTRIAL WORLD CONTENT 5.6. Major projects 130 1 Group overview 5 5.7. Responsibility for chemicals 133 5.8. Health and Safety 136 1.1. Group profi le 6 5.9. Human Resources 142 1.2. Key fi gures/Comments on the fi nancial year 7 5.10. Assurance report by one of the Statutory 1.3. History and development of the Company 12 Auditors on a selection of environmental, social and safety indicators 151 2 Activities 15 2.1. Group structure 16 6 Financial statements 153 2.2. The Nickel Division 16 6.1. 2011 consolidated fi nancial statements 154 2.3. The Manganese Division 26 6.2. 2011 separate fi nancial statements 233 2.4. Alloys Division 39 6.3. Consolidated fi nancial statements for 2010 2.5. Organisational Structure of ERAMET SA/ and 2009 260 ERAMET Holding company 48 6.4. Dividend policy 260 2.6. Activity of the Divisions in 2011 49 6.5. Fees paid to the Statutory Auditors 261 2.7. Production sites, plant and equipment 51 2.8. Research and Development/Reserves and Resources 52 7 Corporate and 3 share-capital information 263 Risk factors 65 7.1. Market in the Company’s shares 264 3.1. Commodity risk 66 7.2. Share capital 268 3.2. Special relationships with Group partners 66 7.3. Company information 275 3.3. Mining and industrial risks 68 7.4. Shareholders’ agreements 279 3.4. Legal and tax risks/Disputes 71 3.5. Liquidity, market and counterparty risks 73 3.6.
    [Show full text]
  • History of the Jews
    II ADVERTISEMENTS Should be in Every Jewish Home AN EPOCH-MAKING WORK COVERING A PERIOD OF ABOUT FOUR THOUSAND YEARS PROF. HE1NRICH GRAETZ'S HISTORY OF THE JEWS THE MOST AUTHORITATIVE AND COMPREHENSIVE HISTORY OF THE JEWS IN THE ENGLISH LANGUAGE HANDSOMELY AND DURABLY BOUND IN SIX VOLUMES Contains more than 4000 pages, a Copious Index of more than 8000 Subjects, and a Number of Good Sized Colored Maps. SOME ENTHUSIASTIC APPRECIATIONS DIFFICULT TASK PERFORMED WITH CONSUMMATE SKILL "Graetz's 'Geschichte der Juden1 has superseded all former works of its kind, and has been translated into English, Russian and Hebrew, and partly into Yiddish and French. That some of these translations have been edited three or four times—a very rare occurrence in Jewish literature—are in themselves proofs of the worth of the work. The material for Jewish history being so varied, the sources so scattered in the literatures of all nations, made the presentation of this history a very difficult undertaking, and it cannot be denied that Graetz performed his task with consummate skill."—The Jewish Encyclopedia. GREATEST AUTHORITY ON SUBJECT "Professor Graetz is the historiographer par excellence of the Jews. His work, at present the authority upon the subject of Jewish History, bids fair to hold its pre-eminent position for some time, perhaps decades."—Preface to Index Volume. MOST DESIRABLE TEXT-BOOK "If one desires to study the history of the Jewish people under the direction of a scholar and pleasant writer who is in sympathy with his subject, because he is himself a Jew, he should resort to the volumes of Graetz."—"Review ofRevitvit (New York).
    [Show full text]
  • Annual Report
    Annual report 2007/2008 This is a free translation into English of a report issued in the French language and fi led with the “Autorité des marchés fi nanciers” on August 1, 2008. This translation is provided solely for the convenience of English speaking readers and shareholders. This report should be read in conjunction with, and construed in accordance with, French law and regulatory standards applicable in France. Combined annual general meeting dated September 29th, 2008 02 Message from the Chairman of the Executive Board 04 Key fi gures 06 Historical data for the last three years 1. GENERAL OVERVIEW 11 The Group 17 Shareholders’ guide 23 Banking activities 37 Private equity 2. LEGAL AND FINANCIAL INFORMATION 57 Report of the Executive Board 97 Consolidated fi nancial statements 175 Individual fi nancial statements 201 Resolutions The 2007/2008 Þ nancial year saw the completion of a major restructuring of the Rothschild Group: the reuniÞ cation of worldwide banking activities. The long-term sustainability, independence and stability of the share ownership and 01 family control of Paris Orléans were enhanced through the creation of Rothschild Concordia, the controlling shareholder of Paris Orléans. MESSAGE FROM THE CHAIRMAN OF THE EXECUTIVE BOARD 02 Dear shareholders, As announced in the press on 17 July 2007, The strategy refl ecting the family shareholders’ common 2007/2008 marked the successful completion of goal to create a major group is now bearing fruit. The a major restructuring of the Rothschild group. This Group’s infl uence and reputation are underpinned by move, consisting of grouping the banking activities at the quality of its people and the standing of its clients a global level, had been long sought and awaited by as well as by a corporate culture that values innovation, the markets.
    [Show full text]
  • J&J Talc Global Supply Chain Research Brief Breast Cancer
    J&J Talc Global Supply Chain Research Brief Prepared for Breast Cancer Prevention Partners August 2020 Contents A. Introduction B. Summary of Key locations C. J&J Talc-Based Baby Powder Supply Chain Details 1. Talc Mines and Grinding Mills 2. J&J Mixing and Packaging Plants D. Appendix: J&J Baby Powder Distribution from Colombia A. Introduction This research brief identifies how talc moves around the world, from mines to Johnson & Johnson’s production hubs, to distributors in the global South. Three mines (in China, India, and Brazil) provide the talc used by J&J worldwide. This brief identifies the flow of raw talc from the mines to four mills that grind it, and from there, to J&J’s mixing and packaging facilities. Six key J&J locations are identified. From these sites, the company distributes talc-based baby powder to consumers worldwide. J&J continues to sell talc-based baby powder to these regions despite the company’s announcement in May 2020 that it was ending sales of such products in the U.S. and Canada.1 Much of this information is based on government shipping records from Colombia, India, and the United States, as viewed in the Datamyne commercial trade database. All trade data in this brief are drawn from this database, unless otherwise cited. B. Summary of Key Locations 1. Mines a. Golcha Group: Chainpura mine in Bhilwara, Rajasthan, India.2 Supplies Golcha’s mills in India and Thailand. b. Guiguang Talc Development: Guiguang Zhizh mine in Long Sheng County, Guangxi Province, China. Supplies Imerys Talc Americas mill in Houston, Texas.
    [Show full text]
  • Rothschild & Co: Annual Report 2020
    Rothschild & Co Annual Report 2020 Annual Report 2020 One Group organised around 3 businesses • Global Advisory • Wealth and Asset Management • Merchant Banking 3,587 employees 62 locations 43 countries Contents Message from the Chairman of the Supervisory Board 2 Message from the Management Board 4 1. Overview Overview of businesses 8 Rothschild & Co business model 10 World presence 12 Corporate governance 14 Organisation chart as at 31 December 2020 17 Corporate Responsibility 18 Rothschild & Co and its shareholders 22 2. Business review Global Advisory 28 Wealth and Asset Management 34 Merchant Banking 38 3. Management report A. Activities and results for the 2020 financial year 50 B. Information on the Company and its share capital 60 C. Internal control, risk management and accounting procedures 76 D. Corporate Responsibility 83 E. Report on corporate governance 128 4. Financial statements Consolidated financial statements 172 Statutory auditors’ report on the consolidated financial statements 236 Parent Company financial statements 239 Statutory auditors’ report on the parent company financial statements 251 General Information Abbreviations and glossary 256 Statement by the persons responsible for the annual financial report 259 Other information 260 Rothschild & Co | Annual Report 2020 1 Message from the Chairman of the Supervisory Board Dear Shareholders, At the end of what can only be described a tumultuous François Henrot retired from his position as observer on year, when the world faced unprecedented challenges, the Board in May 2020. François first joined the Board I would like to thank the Supervisory Board members of Rothschild & Co in 2010 and was appointed to be for their continued support and engagement with Vice-Chairman of the Board at the time of the Group’s Rothschild & Co.
    [Show full text]
  • Les 500 Familles Les Plus Riches De France – Leurs Revenus Convertis En Smic
    LES 500 FAMILLES LES PLUS RICHES DE FRANCE – LEURS REVENUS CONVERTIS EN SMIC Ce tableau à été réalisé à parr d’informaons trouvées dans les magazines « Challenges » de 2014, 2017 et 2018. Enrichissement en nombres de SMIC + patrimoine patrimoine patrimoine Rang Famille Groupe Secteur entre 2014/18 gain moyen/an gain moyen/mois Cot.Soc. + Cot.Pat. = Ville en 2018 en 2017 en 2014 ou 2017/18 1675€ Millions d’€ Millions d’€ Millions d’€ Millions d’€ Millions d’€ en €uros 1 Bernard Arnault et sa famille LVMH luxe 73 200 24 300 48 900 M€ 12 225 M€ 1 018 750 000 € 608209 smic/mois Paris Alain Wertheimer et Gérard Wertheimer CHANEL luxe 40 000 7 000 33 000 M€ 8 250 M€ 687 500 000 € 410448 smic/mois Neuilly sur Seine 2 ainsi que leur famille 3 Axel Dumas et Famille Hermès HERMES INTERNATIONAL luxe 39 600 17 400 22 200 M€ 5 550 M€ 462 500 000 € 276119 smic/mois Paris Françoise Beencourt-Meyers et sa famille L’OREAL cosméques 39 300 23 200 16 100 M€ 4 025 M€ 335 416 667 € 200249 smic/mois Clichy 4 5 Gérard Mulliez et sa famille GROUPE AUCHAN distribuon 38 000 19 000 19 000 M€ 4 750 M€ 395 833 333 € 236318 smic/mois Croix 6 François Pinault et sa famille KERING distribuon 30 500 11 000 19 500 M€ 4 875 M€ 406 250 000 € 242537 smic/mois Paris 7 Famille Dassault GROUPE MARCEL DASSAULT industrie 23 800 12 800 11 000 M€ 2 750 M€ 229 166 667 € 136816 smic/mois Paris 8 Pierre Castel et sa famille CASTEL FRERES boissons 12 500 7 000 5 500 M€ 1 375 M€ 114 583 333 € 68408 smic/mois Blanquefort 9 Emmanuel Besnier et sa famille LACTALIS agroalimentaire 12 000
    [Show full text]
  • FR MAE 209SUP370-555, Série P, 1939-1975
    MINISTERE DES AFFAIRES ETRANGERES – CENTRE DES ARCHIVES DIPLOMATIQUES DE LA COURNEUVE – FONDS RECUPERATION ARTISTIQUE CARTON DOSSIER TITRE DESCRIPTION DATES 370 P1 Commission de Récupération Artistique [1] Baden-Baden, direction des Beaux-Arts, généralités : CCP de Wiesbaden, 1946 ; Liste de biens 1946-1950 transportés de Wiesbaden à Baden-Baden (dont collection Haberstock), 1945-1946 ; Politique américaine de restitutions, 1948-1949 ; Correspondance de la CRA concernant Baden-Baden, 1945- 1949 ; Organisation des services français de récupération artistique en 1948 ; Correspondance de Mr Henraux concernant l’identification d’armoiries, 1948 ; Rapport de Mr Bier sur les restitutions de l’Etat Rhéno-Palatin, avril 1948 ; Retour à Paris de 4 statues de bronze récupérées en Allemagne et prêtées pour exposition (Rodin, Despiau, Maillol), 1947 ; Correspondance après les convois de Baden-Baden (dont mission d’Alexandry), 1946-1948 ; Ordres de mission (Mme Wolff, Mme Riottot, Mr Florisoone), 1947 ; Ordres de mission de Mr Henraux et Mlle Cacan, 1947 ; Compte-rendu de la réunion du 17 mai 1947 à la sous-direction des Beaux-Arts de Baden-Baden relative à la récupération artistique ; Prélèvement de 50000 Marks par Mr Lussignol sur les crédits de la CRA, 1947 ; Rapport de Delpech-Laborie sur les opérations de récupération artistiques dans l’Etat Rhéno- Palatin, 6 août 1947 ; Prêt d’un Utrillo appartenant à Mr Sam BLOCK à une exposition de peinture française moderne, correspondance, 1946 ; Organisation d’une exposition sur l’œuvre accomplie par la France en ZFO, 1946 ; Annexe n°923 du Journal Officiel, débats parlementaires, n° du 17 novembre 1946, relative au fonctionnement du service des Beaux-Arts en Allemagne occupée ; Réquisitions et récupérations, 1945 ; Nomination de l’expert Guillaume LEROLLE, 1947-1948 ; Expéditions et convois d’œuvres : correspondance, 1949-1950 ; Rapport de Rose Valland sur sa mission au CCP de Wiesbaden, mai 1949.
    [Show full text]