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joint venture

April 28, 2011

Family-controlled luxury goods maker Prada announced on 28 April that it has formed a joint venture with a company in the United Arab Emirates, which is Prada’s first attempt to expand in the Middle East.

Family-controlled luxury goods maker Prada announced on 28 April that it has formed a joint venture with a company in the United Arab Emirates, which is Prada’s first attempt to expand in the Middle East.

Prada, controlled by the husband-wife team of Miuccia Prada and Patrizio Bertelli, said in a statement that it has signed a joint venture agreement with Dubai-based Al Tayer Insignia to distribute its brands in the Middle East. Prada doesn’t have any directly operated stores in the region so far.

August 19, 2010

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Group, announced 18 August it has signed a joint venture agreement with US-based CBS Studios International to provide a new set of TV channels in India.

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Group, announced 18 August it has signed a joint venture agreement with US-based CBS Studios International to provide a new set of TV channels in India.

Reliance and CBS will both have a 50% equity share in the new company, called BIG CBS Networks, which will initially create three new English language TV channels. The deal is a first for both companies as they attempt to tap into India's growing TV market.

June 21, 2010

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Ambani group, announced yesterday it has signed an initial agreement to form a joint venture with US-based CBS Studios International to launch a set of TV channels in India.

Reliance Broadcast Network, a subsidiary of the family-owned Reliance Anil Dhirubhai Ambani group, announced yesterday it has signed an initial agreement to form a joint venture with US-based CBS Studios International to launch a set of TV channels in India. 

This venture is a first for both companies as they attempt to access the growing TV market in the region. 

March 5, 2010

Family-controlled Huntsman Corp and the family-owned conglomerate Zamil Group have begun production at their joint venture plant in Saudi Arabia.

Family-controlled Huntsman Corp and the family-owned conglomerate Zamil Group have begun production at their joint venture plant in Saudi Arabia.
 

October 2, 2008

Bertelsmann, the Mohn family-owned international media company, has finally cut its ties with Sony BMG, the ill-fated joint venture it signed with the Sony Corporation to create the world’s second largest recording company.

Bertelsmann, the Mohn family-owned international media company, has finally cut its ties with Sony BMG, the ill-fated joint venture signed with the Sony Corporation to create the world's second largest recording company.

Bertelsmann's sale of its 50% stake in Sony BMG back to Sony has now cleared all antitrust hurdles and the undisclosed purchase price has changed hands.

The divestiture signals Bertelsmann's withdrawal from the recorded music business and its move into music rights management under its BMG Rights Management subsidiary.

February 5, 2008

The Nolet family, owner of the successful super-premium Ketel One brand and Diageo, the world’s leading premium drinks company, have agreed to form a new 50/50 company, which will own the exclusive global rights to sell, market and distribute Ketel One vodka.

The Nolet family, owner of the successful super-premium Ketel One brand and Diageo, the world's leading premium drinks company, have agreed to form a new 50/50 company, which will own the exclusive global rights to sell, market and distribute Ketel One vodka. Diageo has agreed to pay $900 million for its 50% equity interest in the newly-formed company, which will be based in the Netherlands.

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