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What Is the Oldest Company in the World

The second oldest company in the world is Nishiyama Onsen Keiunkan, a hot spring hotel in Hayakawa, Japan. It was founded in 705 AD. In 2011, it was recognized by the Guinness Book of Records as the oldest hotel in the world. This 37-room hotel has been run by the same family for over 1,300 years. It is located near the Akaishi Mountains and draws its hot water from the nearby Hakuho Springs. Do you think your business can last that long? Before saying no, Congo Gumi is a company founded by Korean immigrant farmer Shigemitsu Congo to build Japan`s first government temple. Granted, it was a renowned temple builder, but if you deliver quality on every sales order, there`s no reason why you can`t. The Hudson`s Bay Company describes itself as “the oldest company in North America.” It began as a British fur trading company that was to find a northwest passage through what would later become Canada. Over the centuries, he earned money from fur, oil and financial services. Today, the company is a department store retailer. It takes more than quality, but a high-quality product or service drives a company`s growth and sustainability. And if your brand is known for its quality, you`ve won half the battle. Beyond quality and brand awareness, you need to adapt and evolve over time.

The oldest company in Africa is the Mauritius Post, a postal company founded in 1772 when the country was under French domination. Similar to Africa, The oldest company in Oceania is the Australia Post, now known as AusPost, a postal company founded more recently – in 1809. Unfortunately, even these factors could not protect this historic venture from the slowdown in the Japanese economy. When the company`s borrowings reached $343 million in 2006, the company was acquired by Takamatsu, a major Japanese construction company, and Congo Gumi was incorporated into a subsidiary. We looked at data from the world`s oldest companies and a few topics became clear: people have long wanted to eat, drink, learn things, or maybe kill each other from time to time. That`s why many of the companies on this list are breweries, restaurants, or manufacturers. One of the most durable, Beretta, is a weapons manufacturer. Colonialism is abundantly evident elsewhere in the maps. In congo, the oldest company dates back to 1889, when the country was under Belgian rule.

It is a railway company that still bears a French name – Société Nationale des Chemins de Fer du Congo – and is currently owned by the government of Congo. In Barbados, the oldest surviving business is Mount Gay Rum, which also happens to be the oldest rum producer in the world and was founded in 1703. Barbados was a wealthy British sugar colony and a center of the African slave trade, so the sugarcane juice used in making rum came largely from plantations that depended on slave labor. Slavery was not banned in the country until 1807. Hoshi Ryokan is another traditional Japanese hotel built in 718 AD. It was founded to be the fourth oldest company in the world and the third oldest hotel. It is located in the Awazu Onse region of Ishikawa Prefecture, Japan. The management of this hotel has been in the same family for 46 generations. The oldest family business in America is the Shirley Plantation on the James River in Virginia.

According to the plantation`s self-described history, it “survived the Indian uprisings, bacon`s rebellion, the American Revolution, the Civil War, and the Great Depression.” CUP is the oldest publishing house in the world and works in the ridiculously prestigious university that bears its name. None other than Henry VIII gave permission to the press to print “all kinds of books.” A relatively new company that is about to celebrate its 109th anniversary is IBM. International Business Machines – or its predecessor, the Computing-Tabulating-Recording Company – was founded on June 16, 1911 by financier Charles Ranlett Flint. It was renamed International Business Machines in 1924. The spa hotel has been in operation since 705, making it the oldest operating hotel in the world according to the Guinness Book of Records. The company has remained relevant from the beginning, with James Joyce giving Bushmills an allusion in his epic “Ulysses”: Interestingly, this currency even immediately switched to the production of euros shortly after the France`s accession to the European Union. Since this currency has printed many types of currency while employing local citizens, it is the oldest currency in human history. If you`ve fired a gun or something like that in the last half millennium, there`s a good chance it came from the barrel of a Beretta. The arms company began when the Venice Arsenal needed 185 barrels for the Arkebus, a gentlemen`s cannon with an old hand.

The company was about 100 years too late to feature in Geoffrey Chaucer`s Canterbury Tales, but The Shore Porter`s Tale has a sound. When entrepreneurs start a business, their goal is for it to last forever. In this sense, have you ever wondered about the oldest company in the world? A new and amazing infographic (with great graphics) from Businessfinancing.co.UK answers this question thoroughly. A few factors have been beneficial for the world`s oldest arms manufacturer: its hometown is nestled in iron-rich mountains and the company has been a family business for more than 400 years. Congo Gumi, founded in 578 AD, is the oldest continuously operating company in the world. The head office is located in Osaka, Japan. This construction company was founded by an immigrant who was commissioned by Prince Shotoku to build the Shitennō-ji Buddhist temple. Congo Gumi was a family business for about 1,400 years until the company ran into financial difficulties in 2006 and became a subsidiary of Takamatsu. Prior to the merger, it employed more than 100 people and had an annual budget of approximately $70 million. She still specializes in Buddhist temples today. .

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