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Nintendo

January 12, 2018

Bosch buys stake in digital mapping pioneer Here; new study on responsible impact divestment; and Nintendo Switch beats its own sales record

Bosch buys stake in digital mapping pioneer Here

Two of Germany’s largest tech manufacturers—Continental and family-owned Bosch—have bought stakes in Here, the digital mapping service expected to be vital to the development of self-drive cars.

The companies bought 5% apiece for an undisclosed amount, with Bosch’s chairman Dr Volkmar Denner saying the deal affirmed his company was “more than cars”.

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. 
 
March 17, 2017

Chow Tai Fook Enterprises to pay $3 billion for Australia’s Alinta Energy; Volkswagen targets Bay Area in $2 billion electric-vehicle infrastructure deal; and Nintendo doubles production on Switch console

Chow Tai Fook Enterprises to pay $3 billion for Australia’s Alinta Energy

 

March 3, 2017

The launch of a new video-game console by electronics giant Nintendo this week has brought into focus the pitfalls of succession, according to a Japanese analyst.

The launch of a new video-game console by electronics giant Nintendo this week has brought into focus the pitfalls of succession, according to a Japanese analyst.

This week Kyoto-based Nintendo launched the Nintendo Switch, a powerful gaming device that transforms into a home console, and a piece of hardware that seeks to modernise the many traditions laid out by its former family leader, Hiroshi Yamauchi (pictured, bottom left).

March 2, 2017

New World’s Adrian Cheng climbs succession ladder, Heineken results bolstered by Brexit, Euronext launches family business index

New World’s Adrian Cheng climbs succession ladder

Third-generation family member Adrian Cheng, 36, has been promoted to executive vice-chairman and general manager of New World Group – a possible signal of future succession plans.

The timing of the announcement was downplayed as a coincidence by Cheng who for the first time presented the six monthly results for the Hong Kong-based property behemoth.

New World Group reported revenues for the six months to 31 December of HKD26.6 billion ($3.4 billion).

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.

August 26, 2016

Lawyers Say Bosch colluded on Volkswagen emission scandal; Nintendo strengthens supply chain with Jesnet acquisition; and Maersk to cut fleet and crew

Lawyers Say Bosch colluded on Volkswagen emission scandal

German family business Bosch, one of Europe’s largest companies by revenues, has been accused of colluding with Volkswagen over the emissions cheating scandal in amended court filings.

July 27, 2016

Japanese videogame maker Nintendo, owned by the sixth generation of the Yamauchi family, has reported its worst first quarter loss in five years as it struggles with weak demand and a strong yen.

Japanese videogame maker Nintendo, owned by the sixth generation of the Yamauchi family, has reported its worst first quarter loss in five years as it struggles with weak demand and a stronger yen.

Despite the success of its smartphone game Pokémon Go, which is reportedly making about $1.6 million per day, Nintendo saw revenues fall by 31% to ¥62 billion ($586 million) in the three months to the end of June.

July 11, 2016

Share prices at Japanese video game maker Nintendo, owned by the sixth generation of the Yamauchi family, have surged 36% since the release of a Pokémon-themed smartphone game last week.

Share prices at Japanese video game maker Nintendo, owned by the sixth generation of the Yamauchi family, have surged 36% since the release of a Pokémon-themed smartphone game last week.

The unexpected success of Pokémon GO, Nintendo’s second smartphone title, in which users hunt virtual ‘pocket monsters’ in real-world locations, has added nearly $7.5 billion worth of market value to the Kyoto-based firm.

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