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Family-owned Tata Group has joined forces with one of the world’s leading international retailers in a deal that will see the Indian conglomerate modernise its hypermarket business.

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.

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