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January 26, 2018

Bacardi buys Patron for $5.1 billion, Lidl slows US expansion, and C&A eyes China

Bacardi buys Patrón for $5.1 billion

Family-owned Bacardi is tapping into the growing popularity of tequila, buying premium brand Patrón.

The companies said in a statement tequila is one of the fastest-growing categories in the spirits industry, with “Patrón being the clear market leader in the super-premium segment”.

April 18, 2014

A social media platform for wealthy families has targeted the same demographic that uses its service to raise €1.2 million to fund its growing advisory division and establish a new arm that will offer advice on social impact investing.

A social media platform for wealthy families has targeted the same demographic that uses its service to raise €1.2 million to fund its growing advisory division and establish a new arm that will offer advice on social impact investing.

Launched in 2008, several years after Facebook was founded and Twitter was taking off, TrustedFamily aims to aid multi-generational families spread across jurisdictions to keep in contact and liaise about professional, financial and personal matters.

October 25, 2013

Australian family-owned brewer Coopers has been crowned best liquor brand of the year and best full strength beer for original pale ale at the 20th annual Australian Liquor Industry Awards (ALIA).

Australian family-owned brewer Coopers has been crowned best liquor brand of the year and best full strength beer for original pale ale at the 20th annual Australian Liquor Industry Awards (ALIA).

Coopers, the last major family-owned brewery in Australia, was also named best marketed beer or cider brand and its distribution company Premium Beverages received best off-premise liquor supplier of the year.

July 3, 2013

Israeli shipping magnate Eyal Ofer has made quite a splash in the London art scene, announcing a huge donation to the UK's most visited gallery.

Israeli shipping magnate Eyal Ofer has made a splash in the London art scene, announcing a huge donation to the UK's most visited gallery.

Through the Eyal Ofer Family Foundation, Ofer – who with his younger brother Idan controls the Herzliya-based Ofer Brothers Group – donated £10 million (€11.8 million) towards the extension of the Tate Modern.

September 9, 2011

The family behind Indian security service provider SIS Securities has upped its ownership stake in the business by buying back shares held by a US-based hedge fund, and has shifted its focus to expanding through private equity investments.

The family behind Indian security service provider SIS Securities has upped its ownership stake in the business by buying back shares held by a US-based hedge fund, and has shifted its focus to expanding through private equity investments.

The Sinha family, which owns around 85% of Delhi-based SIS Securities, has purchased the 14% owned by DE Shaw, which had invested in the company in 2007, according to a report in India’s Financial Express.

When contacted, an SIS spokeswoman was unavailable for comment.

May 23, 2011

Family-controlled clothing empire Inditex and America’s largest retailer Walmart are eyeing new markets in a quest to further expand their operations.

Family-controlled clothing empire Inditex and America’s largest retailer Walmart are eyeing new markets in a quest to further expand their operations.

Inditex, founded by Spanish billionaire Amancio Ortega, announced on 19 May that it has opened its flagship Zara store in Sydney, Australia as part of its strategy to expand in Latin America, Australia and Africa.

December 16, 2010

Inditex Group, the fashion empire controlled by billionaire Amancio Ortega famous for the Zara clothing brand, announced 15 December a big profit rise.

Inditex Group, the fashion empire controlled by billionaire Amancio Ortega famous for the Zara clothing brand, announced 15 December a big profit rise. 

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 17, 2010

Family-controlled fashion giant Hennes & Mauritz reported a 10% rise in July year-on-year sales, the fastest rise for sometime, as the clothing retailer plans further rapid expansion.

Family-controlled fashion giant Hennes & Mauritz reported a 10% rise in July year-on-year sales, the fastest rise for sometime, as the clothing retailer plans further rapid expansion.

The Swedish-based business, headed by the third generation of the founding Persson family, announced the results on 16 August, but gave few other details.

Overall, sales for July, including those at new stores, rose 21%, the fastest sales increase for the company in more than two years.

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