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Asia

October 7, 2010

Prada, the Italian fashion house controlled by the husband and wife team of Miuccia Prada and Patrizio Bertelli, are looking at tapping the public markets to raise money for expansion and alleviate debt.

Prada, the Italian fashion house controlled by the husband and wife team of Miuccia Prada and Patrizio Bertelli, are looking at tapping the public markets to raise money for expansion and alleviate debt.
 
Reports said Prada is considering listing in Hong Kong as the company targets strong growth in China, likely to be the biggest luxury market in the world in the next five years.
 

September 22, 2010

Inditex Group, the fashion empire controlled by billionaire Amancio Ortega famous for the Zara retail clothing brand, announced 22 September a 68% rise in first half profits for the world’s largest clothing retailer.

Inditex Group, the fashion empire controlled by billionaire Amancio Ortega famous for the Zara retail clothing brand, announced 22 September a 68% rise in first half profits for the world's largest clothing retailer.

Inditex recorded a net profit of €628 million for the first half of 2010 compared with €375 million for the same period last year. Revenues increased to €5.5 billion from €4.9 billion, a year-on-year growth of 14%.

August 27, 2010

Family-controlled luxury group LVMH has continued its push into Asia by taking a stake in China-based Emperor Watch and Jewellery Ltd through its private equity fund L Capital Asia Advisors.

Family-controlled luxury group LVMH has continued its push into Asia by taking a stake in China-based Emperor Watch and Jewellery Ltd through its private equity fund L Capital Asia Advisors.

The fund, which is registered in the Cayman Islands but is a 100% subsidiary of LVMH, has purchased 6.92% of Emperor as a result of the transaction.

L Capital plans to inject money and expertise into luxury watch and jewellery retailer, which had revenues of HK$ 2.69 billion in 2009.

August 20, 2010

Gilles Pélisson, chairman and chief executive of Accor, said he wants the hotel and services group he runs to nearly double the number of hotels it has worldwide to as many as 7,000, with much of the emphasis on growth in Asia.

Gilles Pélisson, chairman and chief executive of Accor, said he wants the hotel and services group he runs to nearly double the number of hotels it has worldwide to as many as 7,000, with much of the emphasis on growth in Asia.
 
Pélisson, whose uncle Gérard Pélisson co-founded the hotel business back in the 1960s, made his remarks while in India.
 

July 8, 2010

The S$3.2 billion bidding war between the Singh family and Khazanah, the investment holding arm of the Government of Malaysia, for Parkway Holdings Ltd has taken a new twist.

The S$3.2 billion bidding war between the Singh family and Khazanah, the investment holding arm of the Government of Malaysia, for Parkway Holdings Ltd has taken a new twist.

Khazanah had given itself until today to make another offer for Asia's largest hospital operator, but it has been announced that it will delay a decision for a further two and a half weeks. Khazanah made an original offer of S$3.78 per share in May before the Singh family countered with S$3.80.
 

June 28, 2010

The latest edition of Campden FO, the magazine dedicated to the global family office community, is now available. There are two areas of focus to this issue: tax and family offices in Asia.

The latest edition of Campden FO, the magazine dedicated to the global family office community, is now available. There are two areas of focus to this issue: tax and family offices in Asia. Click here to go straight to the issue.

June 18, 2010

John Maynard Keynes, that most famous of economists, has received a lot of renewed coverage since the financial crisis as most governments have followed his proposal that when suffering a downturn, they should borrow and spend money to boost economic activity.

John Maynard Keynes, that most famous of economists, has received a lot of renewed coverage since the financial crisis as most governments have followed his proposal that when suffering a downturn, they should borrow and spend money to boost economic activity.

April 28, 2010

At the World Economic Forum in Davos in 2008, Bill Gates coined the term “creative capitalism”. In Asia, the family-owned business must be a critical part of the creative capitalism debate, writes Christian Stewart

At the World Economic Forum in Davos in 2008 Bill Gates coined the term "creative capitalism", writes Christian Stewart. 

March 30, 2010

Family companies were brought to the fore on Friday when the winners of the UK’s Eastern Eye Asian Business Awards 2010 were announced. One of the big winners was the Lalani family, owners of 99p Stores Ltd, who scooped the Asian Business Enterprise Award.

Family companies were brought to the fore on Friday when the winners of the UK's Eastern Eye Asian Business Awards 2010 were announced. One of the big winners was the Lalani family, owners of 99p Stores Ltd, who scooped the Asian Business Enterprise Award.

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