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Old companies?

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Carcharodon View Drop Down
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    Posted: 06 Dec 2010 at 14:30
Do you have some really old, still existing company in your country?
 
In Sweden one of the oldest, family owned, companies is the Berte mill (Berte Qvarn), in the province of Halland. It is said to have been managed by the same family (or at least by people related to each other in some way) in 13 generations. It shall have been founded in 1569.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Reginmund Quote  Post ReplyReply Direct Link To This Post Posted: 06 Dec 2010 at 14:35
In 1526 the Beretta family in Venice purchased 185 rifle barrels for 296 ducats. Nearly 500 years later they are still going strong as one of the world's leading developers of shotguns and pistols.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote lirelou Quote  Post ReplyReply Direct Link To This Post Posted: 06 Dec 2010 at 14:59
When Japan withdrew from Korea after the Imjin Wars (1592-98) they took several Korean pottery villages with them, who influence on Japanese pottery was profound. Some of those families are still in the business:  This site at least touches on the subject:  http://japanvisitor.blogspot.com/2010/08/hagi-pottery.html
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Parnell Quote  Post ReplyReply Direct Link To This Post Posted: 06 Dec 2010 at 15:06
Guiness is probably our most famous, brewing since the mid 18th century.

Bushmills and Jameson are pretty old too.

We do make good booze.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote drgonzaga Quote  Post ReplyReply Direct Link To This Post Posted: 06 Dec 2010 at 18:50
Been cribbing from Wiki again, Carch?
 
 
I am going to have to discuss your access to Bing with Bill Gates...
 
 
...either that or get the name of the forum changed to Trivial Pursuits!


Edited by drgonzaga - 06 Dec 2010 at 22:45
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Styrbiorn Quote  Post ReplyReply Direct Link To This Post Posted: 06 Dec 2010 at 19:19
Originally posted by drgonzaga drgonzaga wrote:

Been cribbing from Wiki again, Carch?
 
 
I am going to have to duscuss your access to Bing with Bill Gates...
 
 
...either that or get the name of the forum changed to Trivial Pursuits!
In that case he's been reading sloppily. Stora's oldest surviving "stock" was issued in 1288.  
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Flipper Quote  Post ReplyReply Direct Link To This Post Posted: 06 Dec 2010 at 20:01
Originally posted by drgonzaga drgonzaga wrote:

I am going to have to duscuss your access to Bing with Bill Gates...


LOL

Hahahaha, that was funny. However, it is not necessary to start threads based on what we read on wiki. I did it once and it was not the wikis fault.



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Post Options Post Options   Thanks (0) Thanks(0)   Quote Omar al Hashim Quote  Post ReplyReply Direct Link To This Post Posted: 06 Dec 2010 at 21:17
I think the Bank of New South Wales (Westpac) is Australia's oldest company (est 1817). It's certainly not family owned though, never was. It was setup by Govenor Lachlan Macquarie - Australia's Imperial Governor.

Edited by Omar al Hashim - 06 Dec 2010 at 21:19
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Post Options Post Options   Thanks (0) Thanks(0)   Quote drgonzaga Quote  Post ReplyReply Direct Link To This Post Posted: 25 Jun 2011 at 13:45
Warning! The above embed should not be linked! The below is a Norton Warning do not link to it as well!
 

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If you want a good line with the real information:
 
 
 
 
 
 


Edited by drgonzaga - 25 Jun 2011 at 13:55
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Post Options Post Options   Thanks (0) Thanks(0)   Quote drgonzaga Quote  Post ReplyReply Direct Link To This Post Posted: 25 Jun 2011 at 13:51
Now back to topic...are old companies really the same today? Could one call BBVA an old Spanish commercial insitution or HSBC a good old UK bank?

Edited by drgonzaga - 25 Jun 2011 at 13:55
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Post Options Post Options   Thanks (0) Thanks(0)   Quote hugoestr Quote  Post ReplyReply Direct Link To This Post Posted: 25 Jun 2011 at 17:05
Yes if they are still the same company. No if another company absorbed them and then decided to use their name.

So, right now, there really isn't a AT&T in the U.S., which used to be the old Bell company. It was split into pieces, and the company that kept the name failed and was absorbed by another one. That is not the same company.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote gcle2003 Quote  Post ReplyReply Direct Link To This Post Posted: 25 Jun 2011 at 17:15
Originally posted by drgonzaga drgonzaga wrote:

Now back to topic...are old companies really the same today? Could one call BBVA an old Spanish commercial insitution or HSBC a good old UK bank?
HSBC is a good old Chinese bank, surely? (Chinese not in the ethnic sense.)
 
I think in the UK the oldest extant company is generally taken to be the Company of Adventurers of England Trading into Hudson's Bay (inc 1670), but like a lot of English people it emigrated to Canada some time back.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote drgonzaga Quote  Post ReplyReply Direct Link To This Post Posted: 25 Jun 2011 at 19:56
Originally posted by hugoestr hugoestr wrote:

Yes if they are still the same company. No if another company absorbed them and then decided to use their name.

So, right now, there really isn't a AT&T in the U.S., which used to be the old Bell company. It was split into pieces, and the company that kept the name failed and was absorbed by another one. That is not the same company.
 
Not so fast there Hugo...not if you were an old A.T. & T. stockholder! When politicians as lawyers playing at economics went after "Ma Bell", the subsequent ownership ratios of all the Little Bells remained the same. For example my grandfather held "mucho" shares in the old vertical ATT and all the breakup did--as far as the investor is concerned--was translate into equivalent stock numbers in the new entities. Interestingly enough (and thanks to his love of mortemain) it also provided "instant profits" that could be translated into further reinvestment and control; besides, what's in a name? SBC took over many of the Bells and dropped the logo, while Verizon kept the old logo and discarded the name.   
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dawn- Quote  Post ReplyReply Direct Link To This Post Posted: 25 Jun 2011 at 22:03
in Canada it's The Hudson's Bay Company - 1670
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Post Options Post Options   Thanks (0) Thanks(0)   Quote hugoestr Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jun 2011 at 00:56
Yes, doc, but that is not the same company anymore, the same way that splitting cells do not constitute the cell anymore either.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote pinguin Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jun 2011 at 01:30
Originally posted by Dawn Dawn wrote:

in Canada it's The Hudson's Bay Company - 1670


Yes! That company is amazing. It is perhaps the oldest company continuosly running in the Americas. In the past it was in the fur business but it was able to switch to the distribution and modern retail industry. And still is in quite a good shape, in the mall business this time.





Edited by pinguin - 26 Jun 2011 at 01:31
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Post Options Post Options   Thanks (0) Thanks(0)   Quote drgonzaga Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jun 2011 at 16:29
What's in a name? Rose or otherwise! Old companies have historical continuity and much of that is established by the entities that control the stock ownership. Yup, folks "ownership and continuity" is a function of financing. Read about hallowed transmogrifications...
 
 
 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote drgonzaga Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jun 2011 at 16:31
Originally posted by hugoestr hugoestr wrote:

Yes, doc, but that is not the same company anymore, the same way that splitting cells do not constitute the cell anymore either.
 
Ah, but they remains the same organism!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote pinguin Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jun 2011 at 19:09
The Hudson Bay company it is still the oldest in the Americas. It was founded in 1670 as a fur trade company, and still exist. No company in the New World can match that.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote drgonzaga Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jun 2011 at 19:29
Originally posted by pinguin pinguin wrote:

The Hudson Bay company it is still the oldest in the Americas. It was founded in 1670 as a fur trade company, and still exist. No company in the New World can match that.
 
Hmm...doesn't the Company of Jesus (aka the Jesuits) beat them by more than a century? Wink They have vast properties and assets throughout the Americas, operate a prestigious chain of educational institutions, and have marvelous ways of "hiding" assets (at least in the opinion of certain "lawyers") through horizontal distribution.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote pinguin Quote  Post ReplyReply Direct Link To This Post Posted: 26 Jun 2011 at 21:02
We are talking about private companies. Not about Catholic orders or divisions of the army.
And the Company of Jesus wasn't the first religious order in the Americas, was it?

The Hudson Bay company is something that deserves a study. It is still going on.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Dawn- Quote  Post ReplyReply Direct Link To This Post Posted: 27 Jun 2011 at 01:20
It was and still is a main supplier to the North although I think its importance has dropped somewhat since the advent of internet shopping.

The original Hudson Bay trading fort is in Moose Factory Ontario on the shores of James Bay.  You can get to the little village via the polar bear express from Cochrane and then a short freighter conoe ride up the last part of the river. Lovely little museum there. 

The famous Hudson Bay Blanket 


was the coin in trade for along time and still attracts collectors today


Edited by Dawn - 27 Jun 2011 at 01:27
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Post Options Post Options   Thanks (0) Thanks(0)   Quote pinguin Quote  Post ReplyReply Direct Link To This Post Posted: 27 Jun 2011 at 01:59
I had the honour to buy at The Bay. I couldn't believe that company was such old.
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