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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)

#31
FWIW there are some older universities in Hungary, for example the teachers' college in Eger has been continuously under one seal since 1774. There are some much older ones but they have periods of discontinuity which appears to be another flaw of this list.

https://en.wikipedia.org/wiki/Eszterh%C3%A1zy_K%C3%A1roly_Un...

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

#32
post #12

Earlier quoted context omitted.

Such restaurants still usually end up going out of business. For example, a lot of the fried seafood warhorses in Boston are gone at this point. Still, if you talk about entire countries, there are often going to be some institutions that have at least some sort of vague claim to continuous operation/ownership.

I wonder if that correlates to the local and affordable seafood also having disappeared. There's a limit to the number of customers you can attract with calamari and other things formerly considered bait.

Possibly. Certainly any traditional deep-fried seafood platter is no cheaper than it was.

But tastes have also changed. Although I'm sure they had other things, the traditional Boston seafood restaurants tended to be built around a lot of deep-fried fish (or boiled lobster). There's also been a lot of development in the area where most of them were.

Legal's is certainly still around with a generally less heavy hand in terms of prep. And, in general, there are tons of newer seafood restaurants that are mostly in a somewhat different vein than the traditional ones.

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

#33

Earlier quoted context omitted.

Nitpicking here, but Rome was a backwater for a long time. That business evidently bootstrapped in the Middle East and is continued today as the Orthodox Church.

Can you clarify on which orthodox church? Greek, Russian and Ethiopian all come to mind, but I'm not aware of a general middle eastern one (genuinely curious). Perhaps it wasn't called orthodox back then (prior to 300AD)?

Presumably the Eastern Orthodox Church which includes the Greek and Russsian branches and was centered in Constantinople/Istanbul.

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

#34
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.

It's distinctly 1996 here:

https://businessfinancing.co.uk/the-oldest-company-in-almost...

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

#35
Fiskars, Finland (1649) has grown by buying bunch of other old companies and brands, including Waterford Crystal, Ireland (1783), Royal Copenhagen, Denmark (1775), Rörstrand (1726). Fiskars also owns Gerber Legendary Blades, USA (1939) but that's only 80 years old company :)

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

#36

I think that the crown of the oldest running business should go to the Roman Catholic Church, which was formally created in 325 AD, but in practice is a couple of centuries older. It is also the first transnational corporation in history.

What leads you to select 325 as the founding year and not 1054?

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

#37

I was expecting to see https://en.wikipedia.org/wiki/Avedis_Zildjian_Company for USA. I suspect there is always some wiggle room in the definitions of "oldest", but wikipedia dates it as earlier than Shirley Plantation (and it is also older than the company given for Armenia).

It wasn't started in America though.

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

#38
post #25

The "Casa de Moneda de México" year is off by 1 I think (1534), or the Wikipedia entry ( https://es.wikipedia.org/wiki/Casa_de_Moneda_de_M%C3%A9xico#... ) is wrong (1535). Interesting trivia tidbit to know that the oldest company in the Americas is actually in Mexico.

The oldest continuously operating university in the Western Hemisphere is in Peru, established in 1551.

https://en.wikipedia.org/wiki/List_of_oldest_universities_in...

https://en.wikipedia.org/wiki/National_University_of_San_Mar...

The Royal and Pontifical University of Mexico, in Mexico City, was founded several months later, the same year.

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

#39
post #5

It's amusing to consider the common wisdom that restaurants are a tough, low margin business yet make up so many of the eldest companies. Even if you exceed some threshold to make it to maturity, you'd think the statistics on survival would catch up with you eventually.

That thought had occurred to me.

But also: Chip fabs and aircraft manufacturing plants were uncommon circa 10th century. Of any given establishment, odds were good it had something to do with food or hospitality. Survivorship bias, as foodservice is a viable business now as then.

Other options: carpentry (highly skills dependent), blacksmithing, textiles. After 1436, printers. Possibly general merchants. Lists of preindustrial / early industrial occupations are interesting, see:

https://old.reddit.com/r/dredmorbius/comments/3832wx/occupat... (19th - 21st centuries)

Several are also listed, with wages/salaries, here: http://medieval.ucdavis.edu/120D/Money.html (mediaeval England price list)

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

#40

Earlier quoted context omitted.

Nitpicking here, but Rome was a backwater for a long time. That business evidently bootstrapped in the Middle East and is continued today as the Orthodox Church.

Can you clarify on which orthodox church? Greek, Russian and Ethiopian all come to mind, but I'm not aware of a general middle eastern one (genuinely curious). Perhaps it wasn't called orthodox back then (prior to 300AD)?

Oriental Orthodox Churches: https://en.wikipedia.org/wiki/Oriental_Orthodox_Churches

Are probably the most "Middle Eastern", but apparently they, Eastern Orthodoxy, and Catholicism were all the same church until various splits happened, so I'm not sure if you can say any of them are "older".

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