recentpopularlog in

Copy this bookmark:





to read

bookmark detail

FT.com / Companies / Financial Services - Louis Dreyfus considers options for reinvention
September 23 2010|FT| By Javier Blas. When Léopold
Louis-Dreyfus, the 18-yr-old son of a farmer from Alsace, started in
1851 buying wheat from local farmers and selling it in a market town, he
could not have dreamed how his grain trading business would grow over
the next 150 years (remaining family-owned and expanding into a
conglomerate including cereals, ships and weapons).Today, Louis Dreyfus
Commodities, still controlled by descendants of Léopold, is one of the
world’s largest agricultural commodities trading houses, rivalling
competitors such as Illinois-based Archer Daniels Midland, New
York-based Bunge and Minneapolis-based Cargill. The four, known because
of their initials as the industry’s “ABCD”, dominate global flows of
agricultural raw materials. The French family-owned group is considering
a radical change of ownership, exploring options, including an initial
public offering or the sale of a stake to long-term investors.
family-owned_businesses  agriculture  commodities  conglomerates  food_crops  Cargill  Louis_Dreyfus  ADM  grains  traders  options  reinvention 
september 2010 by jerryking
view in context