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Financial results unveiled by family-owned drinks firm Pernod Ricard have been described as “historic” by the group’s chairman and CEO, Patrick Ricard, a second-generation member of the France-based family.

An acquisition by a leading member of one of India’s most powerful business-owning families has thrust a fractious sibling relationship back into the limelight.

The Otto family has regained all the shares of its mail-order company, the Otto Group.

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.

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