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December 6, 2018

Belgian corporate titan Albert Frère dies, Takeda shareholders approve contentious Shire purchase, and Maersk aims for carbon neutrality by 2050

Belgian corporate titan Albert Frère dies

European family business icon Albert Frère, who built his father’s construction supplies business into a global investment conglomerate, died on 3 December aged 92.

The Belgian billionaire founded investment holding company Compagnie Nationale a Portefeuille (CNP) and jointly controlled Groupe Bruxelles Lambert (GBL) via his family holding company Groupe Frère-Bourgeois (GFB).

April 13, 2018

Maersk eyes female CFO candidates, Tengelmann hit by back-to-back tragedies, and VW to replace stopgap chief.

Maersk eyes female CFO candidates

Maersk may hire its first female chief financial officer to join its all-male executive, following its election of one of the least gender-diverse boards in Denmark.

February 16, 2018

Swire Pacific brings in family member; Cohen’s Point72 accused of hostility to women; and Maersk positive despite "unusual" year.

Swire, Murugappa bring in family members

Swire Pacific has appointed its first family member chairman, a move which will see sixth-generation Merlin Swire, pictured, relocate to Hong Kong from the UK.

Swire, 45, replaces John Slosar as the head of the Hong Kong arm of John Swire & Sons (JS&S), though the latter stays on as chair of Cathay Pacific, to see the struggling airline through a transformation programme.

February 8, 2018

Maersk charts blockchain future; Samsung heir’s release may boost economy; ads to help correct ‘misperceptions’ of Koch Industries

Maersk charts blockchain future

AP Moller—Maersk has entered into a joint venture with IBM and logistics company Agility, which aims to use blockchain technology to make the companies’ supply chains more efficient and secure.

Maersk, controlled by the eponymous family via AP Moller Holding A/S, wants to create a trade platform using distributed ledger technology, which establishes a shared, set-in-stone record of transactions. It also allows those within a particular network to access the data minutes after transactions take place.

September 22, 2017

L’Oreal heiress Liliane Bettencourt dies at 94, Maersk ships off its tanker business for $1.17 billion, and Chinese next-gens reluctant to take the reins.

L’Oreal heiress Liliane Bettencourt dies at 94

Liliane Bettencourt, the heiress to the L’Oreal cosmetics fortune and the world’s richest woman, has died at home in Paris, aged 94.

Bettencourt, whose net worth was estimated at $39.5 billion, was the daughter of Eugène Schueller, who made a fortune as the inventor of modern hair dye and founder of L’Oreal.

Bettencourt was said to have adored her father, whose company she inherited on his death in 1957, her mother having died when she was five.

March 24, 2017

Mars brings Maltesers to the US for the first time; Maersk Reaches North Sea tax deal with Denmark; and Australia’s Rinehart children granted permission to sue

Mars brings Maltesers to the US for the first time

Family-owned confectionery giant Mars is to start selling Maltesers in the United States, marking its first chocolate brand launch in the country in two decades.

Despite being the United Kingdom’s third-largest chocolate brand, Maltesers are not available in the US because of a dispute with Hershey over its name. The two confectionary giants settled out of court in 2015, giving Mars the go-ahead to bring its bite-sized treats to the US.

March 10, 2017

Maersk and IBM to launch supply chain solution; Cargill and CARE renew partnership; and Henkel to acquire Mexican haircare business

Maersk and IBM to launch supply chain solution

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, has announced a partnership with IBM to implement blockchain technology across its global supply chain.

The new technology will be made available to the logistics industry and aims to manage and track the paper trail of millions of shipping containers—an innovation that could save the industry billions.

December 23, 2016

Two Maersk ships sink en route to Turkish scrapyard; Nintendo stock falls despite hit game Super Mario Run; News Corp banned from Melbourne Pride after ‘homophobic’ cartoon

Two Maersk ships sink en route to Turkish scrapyard

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, has confirmed that two of its offshore supply vessels sunk off the coast of France while being towed to a Turkish shipyard for recycling.

The Maersk Supply Service vessels, Maersk Searcher and Maersk Shipper, were unmanned. All employees aboard the towing vessel Maersk Battler are safe.

September 22, 2016

Transport giant Maersk to split its shipping, energy operations; Les Mills International moves headquarters to Chicago; and América Móvil eyes acquisition of Brazilian rival Oi

Transport giant Maersk to split its shipping, energy operations

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, is splitting its container shipping and energy operations into two independent entities as part of a historic shake-up.

Rocked by low shipping and oil prices, the Copenhagen-based group said the transport and logistics division will handle its shipping and container business, while the energy spin off will handle oil production and drilling.

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