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March 15, 2018

Fashion founders Hubert de Givenchy and Sonja Bata are being remembered by their families and foundations for their influence, elegance and philanthropy.

Fashion founders Hubert de Givenchy and Sonja Bata are being remembered by their families and foundations for their influence, elegance and philanthropy.

French couturier Givenchy, who designed for Audrey Hepburn, Grace Kelly, Ingrid Bergman and Jackie Kennedy, died in his sleep near Paris on 10 March at the age of 91.

August 24, 2017

Heineken takeover approved, Michael Hill profits boosted by Canada, and JAB Holdings to cast off Bally

Heineken takeover approved

The UK Competition and Markets Authority (CMA) has approved Heineken’s takeover of 1,900 pubs, saying it is satisfied the deal will not cause customers to “lose out”.

The Netherlands-based brewer proposed in June a £403 million ($516 million) purchase of the pubs, currently owned by Punch Taverns, a deal Punch shareholders approved in February.

The CMA then raised concerns about reduced competition in 33 UK areas.

February 2, 2017

Family business principals are being urged to start a formal succession plan early as less than a third of high-net worth Americans and Britons admit they have a plan in place to transfer wealth to their next generation.

Family business principals are being urged to start a formal succession plan early as less than a third of high-net worth Americans and Britons admit they have a plan in place to transfer wealth to their next generation.

However, high-net worth Britons were ahead of their American and Canadian peers in boosting their financial literacy, integral for succession planning. Greater preparedness was directly linked to greater confidence among parents their children will preserve the family fortune.

May 31, 2012

Family businesses are the bedrock of Canada’s strong economy, but many are “overwhelmed” by succession and governance challenges. 

Family businesses are the bedrock of Canada’s strong economy, but many are “overwhelmed” by succession and governance challenges.

February 22, 2012

John Jodrey, the “remarkable businessman" who led Canadian family firm Scotia Investments for over 15 years, died on 19 February aged 98.  

John Jodrey, the “remarkable businessman" who led Canadian family firm Scotia Investments for over 15 years, died on 19 February aged 98.

Jodrey was a former director and president of the Nova Scotia-based business, which controls a number of Canadian companies, including packaging group Maritime Paper Products and floral business Avon Valley.

January 23, 2012

You don’t often read about Canadian vineyards but Magnotta Winery in Ontario made headlines over the last few days, as the founding family has taken the company private, making it a 100% family-owned business.

You don’t often read about Canadian vineyards but Magnotta Winery in Ontario made headlines over the last few days, as the founding family has taken the company private, making it a 100% family-owned business.

The Magnottas, who previously controlled 60% of the Vaughan-based winery through their holding company, acquired all of the remaining shares last week.

December 1, 2011

Canadian family-controlled dairy company Saputo has appointed a non-family member as president of the group, replacing third-generation Lino Saputo Jr who will remain the chief executive.

Canadian family-controlled dairy company Saputo has appointed a non-family member as president of the group, replacing third-generation Lino Saputo Jr who will remain the chief executive.

Dino Dello Sbarba, who was president and chief operating officer of the Canadian dairy products division, will become overall president of the company, Saputo said in a statement.

Sbarba will be replaced by Lorenzo Spinelli, who was senior vice-president of operations in Europe and Argentina.

April 6, 2011

Family-controlled transportation and aerospace company Bombardier announced on 5 April that it has received an order for six business jets valued at a total of $255 million, just days after reporting a decline in its 2010 revenues.

Family-controlled transportation and aerospace company Bombardier announced on 5 April that it has received an order for six business jets valued at a total of $255 million, just days after reporting a decline in its 2010 revenues.

September 15, 2010

Canada's second-largest family empire is reeling from the unexpected and simultaneous loss of two key family members. How the Irvings respond to these events will impact their succession process, writes Jennifer East

Canada's second-largest family empire is reeling from the unexpected and simultaneous loss of two key family members. How the Irvings respond to these events will have a significant impact on their complex succession process, writes Jennifer East.

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