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Ikea

February 20, 2019

Vincent Bollore to be replaced by son as Vivendi board member, Ikea eyes launch of sales platform that includes rival products, and Heineken posts rising profits on the back of strong sales boost.

Vincent Bollore to be replaced by son as Vivendi board member

Billionaire Vincent Bollore, who is currently under investigation for his business dealings in Africa, will step down from the board of French telecoms giant Vivendi and be replaced by his son Cyrille.

January 16, 2018

As family enterprises tap into virtual reality technologies, many are discovering new avenues for growth and sharper lines of communication. Scott McCulloch reports

As family enterprises tap into virtual reality technologies, many are discovering new avenues for growth and sharper lines of communication. Scott McCulloch reports

Banishing the myth of family businesses as technological laggards, cutting-edge families are deftly exploiting new technologies to beef up productivity, sharpen communications and connect with customers in real, virtual, and emotional ways.

May 31, 2017

Benetton's bid for toll road firm, Nintendo switches up production, and IKEA reassembles its leadership.

Benetton's bid for toll road firm
 
The family synonymous with colourful clothing and controversial advertisements is ramping up its efforts in the comparatively drab toll road industry.
 
The Benetton family’s largest asset is not its well-known and now struggling clothing arm, but toll road operator Atlantia, which is eyeing an $18.3 billion takeover of Spanish infrastructure firm Albertis. 
 
May 10, 2017

What does it take to start then grow a business into a successful, multi-billion dollar holding yet maintain total family control through the generations? Alison Ebbage reports

What does it take to start then grow a business into a successful, multi-billion dollar holding yet maintain total family control through the generations? Alison Ebbage reports

November 20, 2014

Samsung retires $2.5 billion proposed merger; Ikea doubles down on wind deal; and BMW and Daimler commit to Mexico supply deal

Samsung retires $2.5 billion proposed merger

South Korea’s largest family-owned conglomerate Samsung Heavy Industries has scrapped a proposed $2.5 billion (€1.99 billion) takeover of Samsung Engineering due to shareholder opposition.

May 6, 2014

Ingvar Kamprad, the founder of Swedish flat-pack furniture chain Ikea, has relinquished his last formal roles in the business he founded in 1943. 

Ingvar Kamprad, the founder of Swedish flat-pack furniture chain Ikea, has relinquished his last formal roles in the business he founded in 1943.

Kamprad, 88, left his roles on the boards of the two foundations that control Ikea's assets in late December last year, but the announcement was only made recently.

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