Cigrang family: 2-billion-euro influence and fortune in shipping, fashion and the arts

Cigrang family

The Cigrang family, originally from Luxembourg but closely linked to the city of Antwerp, is renowned for its rich heritage in the industry. maritime and diversified investments. Their company, Cobelfretfounded by Marcel Cigrang in 1938, has a complex history, including collaborations during the Second World War and various port disputes in Belgium.

Today, under the management of Camille Cigrang and her son Christian, the company has moved to the Luxembourg and expands its activities. Christian, along with his brothers Jean-Philippe, Pierre and Michel, holds a majority stake in this diversified company, which covers the whole of France.ransport intercontinental dry goods and ferry services, as well as the management of port terminals and The Cigrang family has an estimated fortune of €1,452,000,000.

Parallel to their maritime activities, the Cigrang family has also forayed into the world of fashion by acquiring majority stakes in companies such as A.F. Vandervorst and Christian Wijnants. Pierre Cigrang played a significant role in the operational management of these fashion houses.

Apart from fashion and shipping, the Cigrang family also invested in the financial sector, becoming the company's second-largest shareholder. Bank Degroof after a significant investment. This action strengthened their position among Belgium's financial elite, and required a structured organization to ensure regulatory compliance.

The merger de Degroof with Petercam gave birth to Degroof Petercam, a wealth management giant in which the family benefited financially. Their investment strategy proved lucrative, with a substantial return on their initial stake.

Real estate acquisitions:

• In 2018, brothers Christian, Jean-Philippe and Michel acquired Espalmador Island in the Balearic Islands for 18 million euros.

Presence in the culture and the arts:

• The family is renowned for its collection of modern art, testifying to its interest in culture and the arts.

Cobelfret shipping:

• Activities: Transport of dry goods (coal, iron ore), ferry services.
• Ports: Manages seven terminals in North Sea ports.

The Cigrang's withdrawal from the public and media arena underlines their preference for professional discretionThey continue to exert a significant influence in fields such as the arts, finance and fashion. Although known for their prudence and strategic management, The Cigrang family remains a key player in the Belgian economic landscape, with assets estimated at over 2 billion euros.