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April 20, 2020

After the first wave of the Covid-19 outbreak in China and East Asia, and the second wave in Western Europe and North America, a third wave now looks to be building in several Emerging Markets (EM) and frontier countries, says Amundi Asset Management. EM and frontier countries may be able to benefit from the experiences and best practices then put in place in countries affected by the pandemic earlier. However, most of them do not have well-equipped health systems and lack the resources to deal with a health emergency vs developed countries. Covid-19 will have very significant negative effects on the economic outlooks for EM, mostly leading to recessions.

After the first wave of the Covid-19 outbreak in China and East Asia, and the second wave in Western Europe and North America, a third wave now looks to be building in several Emerging Markets (EM) and frontier countries, says Amundi Asset Management.

February 22, 2019

Trussardi is the latest Italian family-owned heritage brand to accept a buy-out following a €50 million deal with an asset management firm that targets struggling businesses.

Trussardi is the latest Italian family-owned heritage brand to accept a buy-out following a €50 million deal with an asset management firm that targets struggling businesses.

The 108-year-old fashion house said the injection from QuattroR would underwrite its five-year international development plan. The plan was agreed with Tomaso Trussardi, the third-generation chief executive who will act as chairman of the new entity.

August 31, 2018

Dyson to build $260 electric car test site, South Korea’s regulators slap new rules on family-run chaebols, Power unit sale helps lift Reliance debt burden.

Dyson unveils $260 million test track for electric vehicles

A year after announcing it would join the electric car race, UK technology firm Dyson has revealed its plans to convert a former airfield in Southern England into a 17km test track and extensive electric vehicle (EV) testing centre.

Dyson, headed by the dynamic UK inventor Sir James Dyson (pictured), bought Hullavington Airfield, Wiltshire several years ago and plans to spend up to £200 million ($260 million) converting it into a EV testing centre.

January 18, 2013

Many business owners in the UK are driven by short-term priorities like selling the company to make money and do not pay enough attention to longer-term strategic objectives, according to a new report.

Many business owners in the UK are driven by short-term priorities like selling the company to make money and do not pay enough attention to longer-term strategic objectives, according to a new report.

Research carried out by the Economist Intelligence Unit for Ernst & Young found that as many as 85% of business owners in the UK plan to accelerate their divestment plan over the next two years. Of the total, 32% of UK corporations are in the process of, or are planning to divest in the next two years.

January 11, 2013

ArcelorMittal, controlled by the Mittal family, has raised $4 billion (€3 billion) through a recent stock offering to tackle its debt issues, prompting some to say the family is diluting its ownership of the world’s biggest steel-maker.

ArcelorMittal, controlled by the Mittal family, has raised $4 billion (€3 billion) through a recent stock offering to tackle its debt issues, prompting some to say the family is diluting its ownership of the world’s biggest steel-maker.

February 16, 2012

Italy’s economic woes are affecting the country’s family business sector, with two family-controlled auto companies struggling with financial problems. But while car designer Pininfarina will remain family-controlled, automaker De Tomaso has been sold.

Italy’s economic woes are affecting the country’s family business sector, with two family-controlled auto companies struggling with financial problems. But while car designer Pininfarina will remain family-controlled, automaker De Tomaso has been sold.

Pininfarina, which designed some of the world’s most famous cars including the Ferrari Testarossa and Maserati GranTurismo, has reached a debt restructuring deal with its creditors and will remain under the control of the Pininfarina family.

January 28, 2011

Fashion group Prada said it plans to list its shares in the Hong Kong Stock Exchange, as it looks to exploit its name in Asia where it sells a sizeable chunk of its brands.

Fashion group Prada said it plans to list its shares in the Hong Kong Stock Exchange, as it looks to exploit its name in Asia where it sells a sizeable chunk of its brands.

Analysts say that the initial public offer could value Prada at more than $8 billion. With demand for luxury goods on the rise in Asia, Prada has bargained that the timing of the listing would be ideal.

January 5, 2011

Pernod Ricard, the family-managed drinks company, hopes to become the world’s leading spirits manufacturer by expanding its US operations.

Pernod Ricard, the family-managed drinks company, hopes to become the world's leading spirits manufacturer by expanding its US operations.

The Marseilles-based company, the world's second-biggest spirits manufacturer by sales, believes the US has mature and profitable markets that are ripe for growth, according to a report in the Financial Times.

December 1, 2010

Porsche SE shareholders voted in favour of a €5 billion rights issue on 30 November that is designed to reduce the niche sports carmaker’s debt ahead of its merger with Volkswagen next year.

Porsche SE shareholders voted in favour of a €5 billion rights issue on 30 November that is designed to reduce the niche sports carmaker's debt ahead of its merger with Volkswagen next year.

Nearly 90% of the company's common shareholders voted in favour of the rights issue, which Porsche hopes will be completed by May 2011.

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