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April 24, 2015

Mahindra & Mahindra to acquire Italian car designer Pininfarina; Sabanci family applies to sell 7.7% stake in Yunsa; and DMCI reports 43% drop in 2014 net income

Mahindra & Mahindra to acquire Italian car designer Pininfarina 

Indian automaker Mahindra & Mahindra, owned by the eponymous family, is working to present a formal offer for Pininfarina in time for the Italian car designer’s shareholder meeting next week, according to Reuters.

April 23, 2015

Investor sentiment and family reputation could be driving the Walton family’s announcement that it intends to cap its stake in US hypermarket chain Walmart at 50%, according to a business academic from Arkansas, where the company is headquartered.

Investor sentiment and family reputation could be driving the Walton family’s announcement that it intends to cap its stake in US hypermarket chain Walmart at 50%, according to a business academic from Arkansas, where the company is headquartered.

Share buyback programmes have caused the family’s stake to rise above the threshold, and it has consequently announced it will rid itself of shares “from time to time” to stop this.

April 20, 2015

A flash of inspiration during a conference on entrepreneurship led second-generation Rasha Khawaja, daughter of Syrian businessman and philanthropist Wafic Saïd, to her first venture. Toucan is an online portal where creatives can safely pitch their ideas and gain advice from industry professionals

A flash of inspiration during a conference on entrepreneurship led second-generation Rasha Khawaja, daughter of Syrian businessman and philanthropist Wafic Saïd, to her first venture. Toucan is an online portal where creatives can safely pitch their ideas and gain advice from industry professionals.

January 30, 2015

British airline Monarch has said it expects to return to profit this year following a multi-million pound rescue package by Greybull Capital family office, which purchased the firm in October.

British airline Monarch has said it expects to return to profit this year following a multi-million pound rescue package by Greybull Capital family office, which purchased the firm in October.

The Luton-based airline was reportedly on the brink of collapse before Greybull Capital, headed by the Meyohas brothers, injected £125 million (€166 million) in October in exchange for a 90% stake.

January 23, 2015

2014 was a lively year for family businesses, from Abigail Johnson’s succession at Fidelity, to the Market Basket ownership struggle and of course Korean Air’s infamous ‘nut rage’ incident. Here we take a look at some of the issues we think will remain top-of-mind for 2015 and the family businesses to watch.

2014 was a lively year for family businesses, from Abigail Johnson’s succession at Fidelity, to the Market Basket ownership struggle and of course Korean Air’s infamous ‘nut rage’ incident. Here we take a look at some of the issues we think will remain top-of-mind for 2015 and the family businesses to watch.

1: Shareholder revolts

January 22, 2015

More than two-thirds of family businesses in the US have failed to implement formal risk management procedures, despite the majority recognising that threat identification is a top priority, new research has revealed. 

More than two-thirds of family businesses in the US have failed to implement formal risk management procedures, despite the majority recognising that threat identification is a top priority, new research has revealed.

Family Enterprise Risk Index 2015, published by strategic risk and insurance advisor Crystal & Company, found that 66% of respondents believed that risk management was a top strategic objective, but found only 30% had implemented formal processes.

January 16, 2015

Li Ka-shing restructures business empire, shares soar; Samsung crushes rumours of $7.5 billion Blackberry bid

Li Ka-shing restructures business empire, shares soar

Share prices at Hong Kong-based conglomerate Hutchinson Whampoa and property giant Cheung Kong Holdings rose dramatically on Monday following reports of a multi-billion dollar corporate restructure by owner Li Ka-Shing.

As a result, Cheung Kong's shares were up in Hong Kong as much as 14% in afternoon trading on Monday, while Hutchison Whampoa's shares surged more than 12%. 

January 9, 2015

Hyundai announces multi-billion investment; Lundin reduces 2015 budget by one-third; and Market Basket installs new board of directors

Hyundai announces multi-billion investment

Hyundai Motor Corporation, the Korea-based car company controlled by the Chung family, has announced a multi-billion euro investment to make up for its slowest sales growth in over a decade.

The carmaker said Tuesday that it plans to spend 80.7 trillion won (€62.5 billion) on new factories over the next four years and will be primarily focussed on research and development.

December 19, 2014

Thomas Kwok found guilty on bribery charges; Korean Air faces penalties following macadamia nut case; and News Corp UK suffers £3.5 million loss.

Thomas Kwok found guilty on bribery charges

Hong Kong billionaire Thomas Kwok, co-chairman of one of the district’s largest property developers, has been convicted of conspiring to bribe one of the city's former top officials. His brother, Raymond, was found not guilty on all charges.

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