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holding company

June 6, 2013

Control of tyre company Pirelli is being disputed by one of Italy’s most influential businessmen in a protracted fight that has also brought to the fore the often murky structure of the holding companies that prevail at many family businesses throughout the country.

Control of tyre company Pirelli is being disputed by one of Italy’s most influential businessmen in a protracted fight that has also brought to the fore the often murky structure of the holding companies that prevail at many family businesses throughout the country.

January 25, 2013

Bernard Arnault’s complicated fiscal dealings in Belgium are all designed to keep luxury goods giant LVMH well under the Arnault family's control and not to avoid France’s proposed 75% super-tax, according to the company.

Bernard Arnault’s complicated fiscal dealings in Belgium are all designed to keep luxury goods giant LVMH well under the Arnault family's control and not to avoid France’s proposed 75% super-tax, according to the company.

The response from LVMH came as the patriarch of French industry again faced attack from the French public after further details of his financial plans and efforts to gain Belgian citizenship were revealed.

January 7, 2011

The founding family of Hermes International, the luxury scarves and handbag maker, was granted the right on 6 January to create a holding company to pool family shares without having to bid for the rest of the company.

The founding family of Hermes International, the luxury scarves and handbag maker, was granted the right on 6 January to create a holding company to pool family shares without having to bid for the rest of the company.

The decision, which was taken by the French stock market regulator the Autorite des Marches Financiers, gives the family better protection against the unwanted advances of fellow family-owned luxury group Moet Hennessy Louis Vuitton.

January 5, 2011

French regulators will debate on 6 January whether the plan proposed by Hermes family shareholders that would prevent a hostile takeover of the company can be allowed under antitrust laws.

French regulators will debate on 6 January whether the plan proposed by Hermes family shareholders that would prevent a hostile takeover of the company can be allowed under antitrust laws.

The family, who controls 73% of the Paris-based company, met in December to set up a holding company, which will control more than 50% of Hermes and have the first right to purchase any of the remaining family-owned shares as and when they are sold.

December 6, 2010

Hermes, the French luxury products company controlled by descendants of the founder, has moved to set up a holding company to fend off any advances from larger rival LVMH Moet Hennessy Louis Vuitton.

Hermes, the French luxury products company controlled by descendants of the founder, has moved to set up a holding company to fend off any advances from larger rival LVMH Moet Hennessy Louis Vuitton.
 
Family members met 4 December to set up a holding corporation, which will control more than 50% of the company. The holding company will also have the first right to purchase any of the remaining family-owned shares.
 

June 1, 2010

Oscar Lopez, the family head of the First Philippine Holdings Corp, announced today he is to step down as chairman and CEO of the family holding company, to be replaced by his son.

Oscar Lopez, the family head of the First Philippine Holdings Corp, announced today he is to step down as chairman and CEO of the family holding company, to be replaced by his son.
 
Lopez (pictured), 79, who led the company for nearly 25 years, said: "I think that the time is right to step down from the CEO-ship of our company." He will however remain involved as the company's chairman emeritus and group chief strategic officer.
 

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