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Luxury goods group Richemont has acquired a controlling interest in watch company Manufacture Roger Dubuis in a private transaction with Carlos Dias, one of the founding shareholders.

The largest family-owned department store chain in the US has filed for Chapter 11 bankruptcy protection and secured an agreement with courts and creditors to sell off company assets.

The union behind a smear campaign against family-owned grocery chain Bashas’ could feel the full force of the law after a court denied its request to dismiss the lawsuit against it.

First Banks, the Dierberg family-owned banking business, has attempted to weather the credit crunch hitting the US banking sector by undergoing a $100 million recapitalisation.

Almost three months after the Fisher family – founders of the GAP retail empire – announced a takeover bid for bankrupted forestry firm Pacific Lumber, the deal has been finalised.

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