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Bowing to demands from business leaders and investors, Britain’s chancellor of the exchequer, Alistair Darling, has announced concessions to the sweeping reforms that were planned for Capital Gains Tax in the UK.

A €1.1 billion offer from cosmetics giant L'Oréal to acquire Yves Saint Laurent Beauté, owned by fellow family-owned firm PPR, has been agreed.

Ultra high net worth individuals in the US are more likely to be attracted to multi-family offices than traditional wealth managers, according to new research.

Two of the world’s most powerful media families have joined forces once again to make an offer for Australian firm Consolidated Media Holdings.

Li Ka-shing, head of family-owned conglomerate Hutchison Whampoa, has topped a new list of the 40 wealthiest people in Hong Kong with an estimated fortune of $32 billion.

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