Jump to ContentJump to Main Navigation
The Growth and Dissolution of a Large-Scale Business EnterpriseThe Furness Interest, 1892-1919$
Users without a subscription are not able to see the full content.

Gordon Boyce

Print publication date: 2012

Print ISBN-13: 9780986497391

Published to Liverpool Scholarship Online: January 2019

DOI: 10.5949/liverpool/9780986497391.001.0001

Show Summary Details
Page of

PRINTED FROM LIVERPOOL SCHOLARSHIP ONLINE (www.liverpool.universitypressscholarship.com). (c) Copyright Liverpool University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in LSO for personal use.date: 27 June 2022

The 1890s: Furness Withy's Expansion by Acquisition and Promotion

The 1890s: Furness Withy's Expansion by Acquisition and Promotion

Chapter:
(p.35) Chapter 2 The 1890s: Furness Withy's Expansion by Acquisition and Promotion
Source:
The Growth and Dissolution of a Large-Scale Business Enterprise
Author(s):

Gordon Boyce

Publisher:
Liverpool University Press
DOI:10.5949/liverpool/9780986497391.003.0003

This chapter follows the actions of the Furness Group during the 1890s, commenting on expansion through acquisition and promotion. In particular, it examines the three expansion methods utilised by Christopher Furness: purchasing firms to acquire their routes and tonnage; entering joint ventures with shipping companies based in Liverpool, London, Hull, and ventures with other industries; and by selling shares in single-ship companies on a larger scale. In doing so, it covers the surge of growth between 1895 and 1901; subsidised services; and the role of branch offices. Finally, it provides a breakdown of the Furness Group’s financial performance between 1892 and 1900. It concludes that Furness’ expansion methods and sharp decision-making were successful and as a result the company flourished while Britain’s trade grew in both volume and complexity.

Keywords:   Transatlantic Shipping, Frederick Leyland and Company, Chesapeake and Ohio Steamship Company, Subsidised Shipping

Liverpool Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.