Louis Dreyfus Company

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Louis Dreyfus Company B.V.
B.V.
Industry Merchant
Genre Agriculture, Food processing, Transportation
Founded 1851; 167 years ago (1851)
Founder Léopold Louis-Dreyfus
Headquarters Rotterdam, Netherlands
Area served
Worldwide (operations in 100+ countries)
Key people
Margarita Louis-Dreyfus (Chairman)
Gonzalo Ramírez Martiarena (CEO)
Products Oilseeds, grains, juice, fertilisers, cotton, sugar, rice, coffee, dairy, metals, etc.
Services Freight, finance, etc.
Revenue US$55.7 billion (FY2015)
US$1,356 million (FY2015)
US$211 million (FY2015)
US$648 million (FY2014)
Total assets US$18.6 billion (FY2015)
Total equity US$4,863 million (FY2015)
Owner (90%) Louis-Dreyfus family
(10%) Employee owned
Number of employees
22,000+ (FY2015)
Parent Louis Dreyfus Holding B.V.
Website www.ldc.com
Footnotes / references
Annual Report 2015

Louis Dreyfus Company B.V. (LDC) is a global merchant firm that is involved in agriculture, food processing, international shipping, and finance. The company owns and manages hedge funds, ocean vessels, develops and operates telecommunications infrastructures, and it is also involved in real estate development, management and ownership.[1] It is one of the "ABCD" quartet of companies - alongside Archer Daniels Midland, Bunge and Cargill - that dominates world agricultural commodity trading.[2]

The company makes up about 10% of the world's agricultural product trade flows, and it is the world's largest cotton and rice trader.[3] It is also regarded by many as the second-largest player in the world's sugar market.[4] LDC Metals expanded to become the world’s third biggest trader of copper, zinc and lead concentrate, behind only Glencore and Trafigura.[5]

Louis Dreyfus Company has its head office in Rotterdam in the Netherlands. The company's parent, Louis Dreyfus Holding B.V., has its headquarters at the World Trade Center in Amsterdam.[6] Louis Dreyfus companies are present in more than 100 countries, with 72 offices. Major offices are located in Geneva, London, Beijing, Buenos Aires, Paris, São Paulo, Singapore, New York City and Connecticut.[7]

Aggregate average annual gross sales in recent years have exceeded $120 billion. The company employs more than 22,000 people globally at peak season.

History[edit]

In 1851, the company was founded in the Alsace region of France by Léopold Dreyfus, the 18-year-old son of a farmer from Sierentz, under the name of his father, Louis Dreyfus. Léopold purchased wheat from local farmers in Alsace and transported it to Basel in Switzerland, 13 kilometres (8 mi) away.[8] Léopold developed a fortune whilst still a teenager through cross border cereal trading. He rapidly diversified across shipping, weapons manufacturing, agriculture, oil and banking, thus establishing one of the wealthiest dynasties in Europe.[9] His descendants still own the company to this day. By the early 20th century, the Louis-Dreyfus family was described as one of the "top five biggest fortunes of France". However, as a Jewish family during the Second World War much of the family assets were confiscated by the Vichy government and some members of the family fled to America.[10]

Léopold Louis-Dreyfus's great-grandson, Gérard Louis-Dreyfus, was chairman of Louis Dreyfus Energy Services, a subsidiary of the group involved in crude-oil trading, gas investments and infrastructure. Gérard is also the father of American actress Julia Louis-Dreyfus, the Emmy-winning star of Seinfeld. Another branch of the dynasty, based in Paris, was headed by Robert Louis-Dreyfus (who was also the CEO of Adidas) until his death in 2009. It is currently overseen by his widow, Russian-born Margarita Bogdanova Louis-Dreyfus.[11] A third branch of the family's business is headed by Philippe Louis-Dreyfus (born 1945) and is concerned primarily with offshore industrial activities and freight shipping operations.[12]

On 11 May 2018, Louis Dreyfus Company sold its metals platform (LDC Metals, or LDCM) to NCCL Natural Resources Investment Fund.[13] The final price of the transaction was 466 Million US Dollars.[14]

See also[edit]

References[edit]

  1. ^ "Groupe Louis Dreyfus S.A. - Company Profile, Information, Business Description, History, Background Information on Groupe Louis Dreyfus S.A." Retrieved 7 April 2015. 
  2. ^ "Reuters". Reuters. Retrieved 26 March 2015. 
  3. ^ "Bloomberg". Bloomberg. Retrieved 18 September 2015. 
  4. ^ "reuters". Reuters. Retrieved 16 May 2012. 
  5. ^ "FinancialTimes". FinancialTimes. Retrieved 28 June 2017. 
  6. ^ "Contacts Archived 2012-10-19 at the Wayback Machine.." Louis Dreyfus Group. Retrieved on October 30, 2012. "WTC Amsterdam Tower H - Level 25 Zuidplein 208 1077 XV Amsterdam The Netherlands"
  7. ^ "Louis Dreyfus". Intern Here. Archived from the original on 2015-04-13. Retrieved 7 April 2015. 
  8. ^ "Louis Dreyfus Company :: Our heritage". www.ldcom.com. Retrieved 2016-09-08. 
  9. ^ Saatchi & Saatchi: The Inside Story, By Alison Fendley, page 100, Arcade Publishing, 8 Oct 1996
  10. ^ The History of Foreign Investment in the United States, 1914-1945, Harvard University Press, 2004, By Mira Wilkins, page 479
  11. ^ Bermant, Yoel. "Margarita Louis-Dreyfus, Head of Louis Dreyfus Holdings, Is Winning the Battle to Keep the Company in Family Hands". Retrieved 7 April 2015. 
  12. ^ "Board of Advisors". London International Shipping Week. Retrieved 7 April 2015. 
  13. ^ "Louis Dreyfus Company completes the sale of its global Metals business to NCCL Natural Resources Investment Fund". LDC.com. 11 May 2018. Retrieved 4 July 2018. 
  14. ^ "Progress of purchase of LDCM" (PDF) (in Chinese). chinamoly.com. 12 May 2018. Retrieved 4 July 2018. 

External links[edit]