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April 10, 2020

A decade-old, blockchain technology is facing an inflection point. A few years ago it was easy to find people who were evangelically enthusiastic about it. A 2015 World Economic Forum survey of more than 800 executives and experts from the information and communications technology sector found the majority believed that by 2027, 10% of global GDP would be stored on blockchain technology.

Facebook’s Libra launch shows blockchain has entered the mainstream. Jeremy Hazlehurst looks at what the technology really means for family businesses

A decade-old, blockchain technology is facing an inflection point. A few years ago it was easy to find people who were evangelically enthusiastic about it. A 2015 World Economic Forum survey of more than 800 executives and experts from the information and communications technology sector found the majority believed that by 2027, 10% of global GDP would be stored on blockchain technology.

April 16, 2019

Some of France’s best-known business families have pledged to donate €500 million to help reconstruct the Notre-Dame Cathedral after a devastating fire tore through the historic structure, causing significant damage.

Some of France’s best-known business families have pledged to donate €500 million to help reconstruct the Notre-Dame Cathedral after a devastating fire tore through the historic structure, causing significant damage.

In a statement on Twitter, the Arnault family, owners of luxury group LVMH headed by French billionaire Bernard Arnault, pledged €200 million ($226 million) to help with the restoration efforts.

October 28, 2016

Hero MotoCorp posts “best ever” quarterly sales; Gina Rinehart spends $400 million on fertiliser investment; and Kering shares hit 15-year high on Gucci success

Hero MotoCorp posts “best ever” quarterly sales

Indian motorcycle manufacturer Hero MotoCorp, owned by the Munjal family, reported a 28% increase in net profit this week in what has been called its best-ever quarterly sales.

Pawan Munjal, chairman, managing director and chief executive of Hero MotoCorp, said the record-breaking sales were a reiteration of the “overwhelming” customer preference for the company's products.

May 27, 2016

The cream of continental business talent will be celebrated at the fifth annual European Families in Business Awards in Berlin on 21 June.

The cream of continental business talent will be celebrated at the fifth annual European Families in Business Awards in Berlin on 21 June.

Family business leaders and business school experts on the judging panel for CampdenFB have shortlisted the 30 best of the best from more than 250 nominations across six categories. Close to 1,000 companies have been nominated since 2012.

December 3, 2014

The French businesswoman who has headed the Pinault family’s investments for the last 25 years has been appointed chief executive of auction house Christie’s, which is wholly owned by the family.

The French businesswoman who has headed the Pinault family’s investments for the last 25 years has been appointed chief executive of auction house Christie’s, which is wholly owned by the family.

Patricia Barbizet will replace Steven Murphy as chief executive, following his surprise departure announced this week by Christie’s and effective from the year’s end.

April 1, 2014

The luxury goods industry's passion for python skins is putting pressure on wild python populations in southeast Asia and fuelling illegal hunting, according to a report by a conservation group and French luxury goods conglomerate Kering, but farming the snake genus could provide a sustainable solution.

The luxury goods industry's passion for python skins is putting pressure on wild python populations in southeast Asia and fuelling illegal hunting, according to a report by a conservation group and French luxury goods conglomerate Kering, but farming the snake genus could provide a sustainable solution.

January 8, 2014

Classic cars have topped a new passion investment index released this week, while when it comes to fine art, traditional Chinese works have provided the most lucrative returns.

Classic cars have topped a new passion investment index released this week, while when it comes to fine art, traditional Chinese works have provided the most lucrative returns.

According to The Coutts Index: Objects of Desire classic cars saw a 257% return on investment over a seven-and-a-half year period, starting in 2005, well ahead of the next most profitable passion investment, classic watches, which saw returns of 176%.

July 29, 2013

LVMH and Kering’s luxury brands perform strongly, sunglass retailer Luxottica breaks €2 billion revenue for the second quarter, and Ford sees strong sales in North America and Asia-Pacific/Africa.

LVMH and Kering’s luxury brands perform strongly, sunglasses empire Luxottica breaks €2 billion revenue for the second quarter, and Ford sees strong sales in North America and Asia-Pacific/Africa.

LVMH

Bernard Arnault’s LVMH has announced half year revenues of €13.7 billion, with organic revenue growth up 8% compared to the same period last year.

The group said it continues to experience strong momentum in Asia and the US, and continued to grow in Europe despite economic uncertainty.

June 7, 2013

Kering completes the sale of two of its Scandinavian businesses; two big shipping families make a deal; Vossloh may sell locomotives division. 

Kering completes the sale of two of its Scandinavian businesses; two big shipping families make a deal; Vossloh may sell locomotives division.

Kering
Kering, Francois-Henri Pinault's luxury goods group, has announced that its Redcats subsidiary has completed the sale of two of its Scandinavian brands – internet shopping brand Ellos and home textiles company Jotex – to private equity company Nordic Capital Fund VII.

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