10 Really Old Companies

I was watching the first Harry Potter movie, Harry Potter and the Philosopher’s Stone, with my son recently and in it there is a shop called Ollivanders which makes and sells magic wands. Why am I telling you this? Well, because the shop’s sign claims that the company has been operating since 382BCE. That is one hell of a long time to be in business!

But it did get me thinking… What are the world’s oldest companies and what industries do they operate in?

Interestingly, a huge amount of the world’s oldest companies still operating today are in Japan, most of which boast of being “family run” for dozens of generations. The majority of these long surviving business were created along trade routes from Tokyo to Kyoto and consist of many hotels and sake producers – you know, just the kind of businesses that traveling traders would make use of.

This post will focus on the oldest companies in a specific field, industry or specialisation rather than listing off the “10 oldest companies in the world” as it would be a list dominated by Japanese companies, three of which are hotels and two that create ceremonial or religious goods.

Of course, each of the companies listed below have stood the test of time throughout various natural disasters, wars, plagues, and periods of social and economic upheaval. When you consider that countries come and go, empires rise and fall, and millions of businesses have failed over the past millennium then the staying power of the companies listed below is all that more impressive.

Construction – Kongō Gumi – 578

Let’s start off with the oldest business and I’m sure you have figured out that it is, indeed, a Japanese company. This entry is a little bit of a cheat as the company technically underwent a liquidation in 2006, but it is still worth mentioning as the remnants of the business are still around.

Kongō Gumi is a Japanese construction company which was the world’s oldest continuously ongoing independent company, operating for over 1,400 years until it was absorbed as a subsidiary of another Japanese construction firm. The final president of the family run company was the 50th Kongō to lead the firm!

Kongo_Gumi_workers_in_early_20th_century

The Kongō Gumi construction company was founded in 578 – only 100 years after the fall of the Western Roman Empire and 1,200 years before the United States declared independence – after Prince Shōtoku invited skilled Korean immigrants over to build the Shitennō-ji Buddhist Temple. One of these migrants decided to found his own company, Kongō Gumi, which over the centuries has participated in the construction of many famous buildings, including the 16th century Osaka Castle.

For more information – Click Here

Hotel – Nishiyama Onsen Keiunkan – 705

The second, third and fourth places of the world’s oldest companies all go to Japanese hotels so let’s focus on the oldest of these, Nishiyama Onsen Keiunkan. In 2011 the hotel was officially recognised by the Guinness Book of Records as the oldest hotel in the world.

Nishiyama Onsen Keiunkan is a hot spring hotel (onsen hotel) located in the beautiful town of Hayakawa in Yamanashi Prefecture which was founded in 705 by Fujiwara Mahito. The hotel has been continuously operated by 52 generations of the same family for over 1,300 years.

Since its foundation over 1,300 years ago, the hotel has sourced all of its hot water directly from the Hakuho Springs at the foot of the Akaishi Mountains. The hotel was renovated in 1997 and offers 37 rooms for guests.

For more information – Click Here

Restaurant – Stiftskeller St. Peter – 803

The distinction of being the sixth oldest company in the world, oldest non-Japanese company in the world, oldest restaurant in the world, and oldest European company belongs to the Stiftskeller St. Peter.

Eingang_zum_St._Peter_Stiftskeller

This is an interesting one as the restaurant lies within the walls of St Peter’s Abbey in the Austrian city of Salzburg. The restaurant claims to be the oldest as it was mentioned in an early Middle Ages document. The English scholar Alcuin of York mentioned Stiftskeller St. Peter in the Carmina anthology in 803 when he served the Emperor Charlemagne.

Incredibly, Stiftskeller St. Peter has boasted some very impressive giants of European and world history as guests. The explorer Christopher Columbus, alchemist and inspiration for many works of art Johann Georg Faust, and musical composer Wolfgang Amadeus Mozart are all said to have been served at the restaurant.

For more information – Click Here

Winery – Staffelter Hof – 862

The earliest known evidence of winemaking at a relatively large scale has been found in the Middle East with the oldest winery press, dating back 6,000 years, found in an Armenian cave.

MKn_Staffelter_Hof

To find the oldest (still functioning) winery in the world, look no further than the Staffelter Hof Winery in Kröv, Germany. The Staffelter Hof name goes as far back as 862 – the first written record of the Staffelter Hof abbey is on an original document located in the city archives of Liège, Belgium. Lands belonging to the Frankish Carolingian Empire, which spread as far east as Kröv and beyond were donated to the abbey to work as a source of income. These lands were in the possession of the abbey until the introduction of the Napoleonic Code in 1804 when it was purchased by Peter Schneiders and subsequently passed down 7 generations to the current owner and wine maker.

This business witnessed and survived the fall of the Holy Roman Empire, the bloody wars of religion that ravaged central Europe following the Reformation, Napoleon’s conquests, and the destruction of two world wars… and still, to this day, cultivates several hectares of vines.

For more information – Click Here

Mint – Monnaie de Paris – 864

The Monnaie de Paris is the world’s oldest active government-owned institution and has been minting coins for France since 864. The French people have had many masters and regimes since Charles the Bald ordered the creation of the mint, including:

1600px-French_denier_of_Charles_the_Bald_(FindID_542511)

  • Carolingian Dynasty
  • Capetian Dynasty
  • House of Valois
  • House of Bourbon
  • First Republic
  • House of Bonaparte
  • House of Orléans
  • Second Republic
  • Third Republic
  • Nazi Regime
  • Fourth Republic
  • Fifth Republic

The Monnaie de Paris produced and issued coins for each and every one. Many ancient coins are housed in the collections maintained at the headquarters located in Paris. Since 1973 the main coin striking plant has been located at Pessac, Nouvelle-Aquitaine after it was decided in 1958 to move the minting facilities away from the capital.

During the Middle Ages, there were numerous local mints located in the provincial cities officially issuing legitimate French coinage struck in the name of the ruler and this practice continued as late as 1878. Despite this, the Monnaie de Paris was always the prime issuer.

For more information – Click Here

Foundry – Marinelli Bell Foundry – 1040

Founded in 1040 the Marinelli Bell Foundry is Italy’s oldest business and one of the oldest family-run businesses in the world. The foundry, which produces cast metals, has a tradition of foundries dating back ten centuries. As such, in 1924 the foundry was awarded the title of “pontifical foundry” by the Vatican and the Catholic Church now accounts for roughly 90% of all orders placed for the company.

Typically, the foundry currently produces around 50 bells a year and employees between 10 and 15 skilled employees. Amazingly, the firm still applies the same casting technique that the founders used nearly 1,000 years ago.

Due to the age of the foundry, the company hosts tours for enthusiasts seeking a museumesque experience. Again, due to the longevity of the foundry the Marinelli Bell Foundry have created a huge amount of bells and their work can be seen on many of the historic churches around Italy. In recent years, the foundry have also supplied bells to New York (United Nations Building), South America, China, and Jerusalem. In 2000 the Foundry presented Pope John Paul II with the official Jubilee Bell that now hangs in St. Peter’s Square.

Agriculture – Halydean Corporation – 1128

The only company on this list to reside in the “New World”, the Halydean Corporation operates out of Hayward, Wisconsin, United States of America. The company dates back to 1128, roughly 650 years before the United States existed… wait! What!?

There are well documented legal records showing that the business that would later become the Halydean Corporation was established in 1128 in Roxburgh, Scotland by King David I of Scotland, with holdings primarly consisting of thousands of acres of grazing land. Although founded by a monarch, it was operated by the Catholic Church which allowed it to enjoy perpetual tax exemption. In 1545, ownership passed hands to the local Royal Burgh (which was held by the Crown) after the Earl of Hertford reduced the abbey, where Halydean was run from, to ruins during English King Henry VIII’s Rough Wooing.

King James

During the reign of King James VI (later the first “King of Great Britain and Ireland”) in 1602 proprietorship was reorganised and passed into private ownership, albeit assigned to various members of the Scottish peerage. The company remained this way until 2014 when the company was, once again, reorganised – this time into a US company, as a wholly owned subsidiary of the Barony and Lordship of Halydean (Scotland) by the current Lord of Halydean.

The present business plan remains consistent with the original charter of 1128. The main difference is that the company no longer holds the right to carry out the death sentence… under it’s feudalistic roots it really could do this!

For more information – Click Here

Harbour – Aberdeen Harbour Board – 1136

One of the oldest businesses still in operation in the United Kingdom is the Aberdeen Harbour Board. Lying at the mouth of two rivers (the Dee and the Don) feeding into the North Sea in North-East Scotland, Aberdeen was, and still is, ideally located to trade around the North Sea with Scandinavian and Baltic ports. There has been a harbour in Aberdeen since at least the 10th century when the Vikings burned the city, but it was our friend from the Halydean Corporation, above, King David I that first granted the Bishops of Aberdeen the right to tax ships trading in the port in 1136.

Although the medieval harbour was considered as a safe anchorage it was difficult to access at low tide. Records show that a crane was installed in 1582 to load and unload the ships and that in 1596, King James VI granted a charter to pay for a bulwark to help deepen the harbour entrance. Several more enhancements to the harbour throughout the following centuries, including involvement from the likes of the civil engineer Thomas Telford and the famed lighthouse designer Robert Stevenson, have led to the modern harbour.

Like any other business, Aberdeen Harbour Board are looking to the future and the latest major development to the harbour is currently under construction. This ambitious plan seeks to add an entire new harbour to the city in order to improve infrastructure and service levels of the city.

For more information – Click Here

Bank – Banca Monte dei Paschi di Siena -1472

The six oldest banks in the world currently still operating were all founded in Italy near the end of the 15th century, at the high point of the Renaissance, but the oldest of these is the Banca Monte dei Paschi di Siena (MPS).

Tracing its history back to a mount of piety (an institutional pawnbroker run as a charity) founded in 1472, in the Republic of Siena, the current form of the bank dates to 1624 when Siena was incorporated into the Grand Duchy of Tuscany and Grand Duke Ferdinando II granted to the depositors of the mount of piety, in their warrant, the income of the state-owned pastures of Maremma (the so-called “Paschi”). During the 17th and 18th centuries the bank increased its banking activities. The unification of Italy in 1861 presented an opportunity for further expansion across the peninsula, and MPS began to initiate new activities such as mortgage loans – the first company in Italy to do this.

The bank was successfully listed on the Italian stock exchange in June 1999 and wasted no time in taking full advantage of its new capital by beginning an intense phase of commercial and operational expansion, and acquired several regional banks.

MPS appeared to survive the onslaught of the 2008 Global Financial Crisis, but after a string of scandals the share price of the bank began to plummet and the bank was forced to ask the Italian government for a bailout. Despite the Italian government currently being the major shareholder of MPS it is still the fourth largest commercial and retail bank in the country and operates 2,000 domestic branches and a further 40 abroad.

For more information – Click Here

Firearms – Beretta – 1526

Another Italian company, the Beretta Gun Factory opened its doors in 1526 in the town of Gardone Val Trompia in the province of Brescia in Lombardy.

Val Trompia, an Italian river valley in Brescia, has been mined for iron ore since the time of the Romans. During the Middle Ages, the area was known for its ironworks, and after the Renaissance it came to be a centre for weapons manufacturers. By the mid 16th century Val Trompia was home to forty ironworks, supplied by fifty mines – it was here, in this smithy’s playground that Beretta was formed on the banks of the Mella river in Gardone.

It is thought that the Beretta forge was in operation from around 1500, but the first documented transaction is a contract dated October 1526 for arquebus barrels from the Republic of Venice. By the end of the 17th century, Beretta had grown to become the second largest gun barrel maker in Gardone – yeah, just the small town. Not quite the heady heights of global recognition at that point.

Musket_and_Arquebus_Gheyn

But still, the company continued to grow and by all accounts Beretta-made barrels equipped the Venetian fleet which helped to defeat the Ottomans at the pivotal Battle of Lepanto in 1571 and the company has supplied weapons for every major European war since 1650.

In the 1980s. Beretta enjoyed a renewal of popularity in North America after its M9 pistol was selected as the service handgun for the United States Army.

For more information – Click Here

The Rest is History

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