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The oldest company in almost every country (that is still in business)

businessfinancing.co.uk

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Re: The oldest company in almost every country (that is still in business)

#161
post #123
post #92

Earlier quoted context omitted.

But those companies have been bought and resold over time and even possibly moved. Which probably imply mortgage on some buyers. Not sure land owning is such a big deal.

It depends if it was sold with the property or not. Rent is anywhere between 20-35% of your running cost depending on region. And you tend to get higher quality food in places where Rent isn't ridiculously high as restaurant can afford to move those cost to the plate.

Maybe I misunderstand you then, to me you made it sound that was a given. Those companies have undoubtly different history and, to me, rent is a relatively recent issue and over hundreds of years it might not be a factor. I pretty sure national mints have been moving around for instance. They are not location dependant.

That said, I might be wrong, it would made an interesting study to try to acertain what are the common factor to those companies. If any.

Re: The oldest company in almost every country (that is still in business)

#162
post #7

Interesting elements to me: - The prevalence of drinking and dining establishments amongst oldest-national businesses. - And banks / mints / financial institutions. - The relative youth of oldest-national-businesses in Africa. Most notably Equatorial Guinea with Guinea Equatorial Airlines, the country's oldest business corporation, founded in 1996. This suggests either a data artefact in which older going concerns ar…

> Guinea Equatorial Airlines, the country's oldest business corporation, founded in 1996. The number looks more like 1962 to me (maybe they changed it). The actual youngest seems to be South Sudan's Ivory Bank, which was only founded in 1994. This is easily explained by the country being relatively new.

> The actual youngest seems to be South Sudan's Ivory Bank, which was only founded in 1994. This is easily explained by the country being relatively new.

South Sudan is only a country since 2011, they include establishments older than the country they operate in.

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