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September 23, 2014

The global billionaire population is concentrated in a small collection of cities, new research reveals, with the uber wealthy seeking domiciles that balance business with pleasure.

The global billionaire population is concentrated in a small collection of cities, new research reveals, with the uber wealthy seeking domiciles that balance business with pleasure.

The top five cities for billionaires, according to the Billionaire Census 2014, released by Wealth-X and UBS, are New York, Moscow, Hong Kong, London, and Beijing, which together host 379 of the world’s most wealthy.

September 17, 2014

Family businesses are mirroring changes in society in “blended family businesses”, according to a new report released by UK-based Families in Business, which include any family firm that has invited members of a second family into senior positions.

Family businesses are mirroring changes in society in “blended family businesses”, according to a new report released by UK-based Families in Business, which include any family firm that has invited members of a second family into senior positions.

Dani Saveker, CEO of the consultancy and research company, who coined the term, believes they will become increasingly important over the coming years.

July 17, 2014

Last week’s sale of kitchen appliance manufacturer Indesit, the latest in a long line of large Italian family businesses recently sold to foreigners, could be a wake up call for the government to make the country more business friendly, a family business academic says.

Last week’s sale of kitchen appliance manufacturer Indesit, the latest in a long line of large Italian family businesses recently sold to foreigners, could be a wake up call for the government to make the country more business friendly, a family business academic says.

The Merloni family sold its controlling 60.4% stake in the company to US competitor Whirlpool for €758 million, bringing to an end four generations of family control. It was the largest producer of home appliances in Italy.

June 18, 2014

Ultra-high net worth individuals shifted their focus from wealth preservation to wealth growth in 2013, according to new research, as the wealth of the world’s high net worth population grew 14% to $52.6 trillion. 

Ultra-high net worth individuals shifted their focus from wealth preservation to wealth growth in 2013, according to new research, as the wealth of the world’s high net worth population grew 14% to $52.6 trillion. 

The annual Capgemini/RBC World Wealth Report, which surveyed more than 4,500 individuals, found the world’s high net worth (HNW) population now sits at almost 14 million, up 15% on the previous year.

June 16, 2014

European family businesses are more optimistic about their future following signs of economic recovery with the majority considering investment opportunities in their home markets.

European family businesses are more optimistic about their future following signs of economic recovery with the majority considering investment opportunities in their home markets.

June 10, 2014

Mormon businessman Bill Marriott, who transformed his father’s restaurant business into a global lodging company, has put aside the religious values of his church to launch a marketing campaign celebrating lesbian, gay, bisexual, and transgender (LGBT) inclusion. 

Mormon businessman Bill Marriott, who transformed his father’s restaurant business into a global lodging company, has put aside the religious values of his church to launch a marketing campaign celebrating lesbian, gay, bisexual, and transgender (LGBT) inclusion. 

Launched this month, the campaign, which features transgender model Geena Rocero and gay basketball player Jason Collins, includes a series of billboards and a dedicated website where customers are invited to share their travel stories on social media using the hashtag #LoveTravels.

January 30, 2014

From its beginnings supplying the theatres springing up in the early days of London’s West End to a £10-million-a-year business, the history of Angels the Costumiers is a glamorous mix of theatre, film and fashion. 

From its beginnings supplying the theatres springing up in the early days of London’s West End to a £10-million-a-year business, the history of Angels the Costumiers is a glamorous mix of theatre, film and fashion.

October 16, 2013

Hans Riegel, the second-generation head of German family confectionary firm Haribo – renowned for its colourful ‘gummi bear’ sweets – has died at the age of 90.

Hans Riegel, the second-generation head of German family confectionary firm Haribo – renowned for its colourful ‘gummi bear’ sweets – has died at the age of 90.

He had headed the family firm for almost 70 years, and still held the post of chief executive at the time of his death.

He had been convalescing following an operation to remove a benign brain tumour, but died of heart failure on Tuesday, in his hometown of Bonn in Germany.

September 19, 2013

The return of German chancellor Angela Merkel and the current coalition government at next week's general elections would be the best outcome for the nation's family firms, according to an organisation representing some of Germany's largest family-run companies.

The return of German chancellor Angela Merkel and the current coalition government at next week's general elections would be the best outcome for the nation's family firms, according to an organisation representing some of Germany's largest family-run companies.

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