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January 22, 2016

Henkel names new CEO; Reliance issues share to battle Bharti; Family businesses top Edelman trust poll 

Henkel names Hans Van Bylen as new CEO
Hans Van Bylen is to take over at German consumer goods maker Henkel after its incumbent chief executive Kasper Rorsted left to become the new CEO of Adidas.

Van Bylen, Henkel’s former head of the beauty care business, joined the family-controlled firm in 1984 and has been a member of the management board since 2005.

August 7, 2015

Illy Caffé sells €70 million bond to increase market share; Cemex completes $15 billion refinancing of bank debt; and Bharti Airtel beats Reliance Industries to 4G launch

Illy Caffé sells €70 million bond to increase market share

Italian coffee company Illy Caffé has sold a €70 million ($76 million) bond in order to increase market share in the premium hospitality sector.

The move will help Illy keep up with its larger Italian rival Lavazza, and comes amid a period of consolidation in the coffee industry, which is estimated to be worth $80 billion.

February 23, 2015

One of India’s greatest entrepreneurial success stories, the Ambanis, are also one of its most infamous dynasties, owing to a long-running public feud which broke out between the late patriarch’s sons.

October 13, 2014

India’s largest privately held company is introducing the third generation into the fold, with twins Isha and Akash Ambani joining the board of two of Reliance Industries’ subsidiaries.

India’s largest privately held company is introducing the third generation into the fold, with twins Isha and Akash Ambani joining the board of two of Reliance Industries’ subsidiaries.

Their father Mukesh Ambani is chief executive of the family-controlled business, which had revenues of $75 billion (€59 billion) in the last financial year.

The 23-year-old twins will each become directors of Reliance Jio Infocomm and Reliance Retail Ventures.

March 5, 2012

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion). 

Carlos Slim, who controls Mexican conglomerate Grupo Carso, is the richest person in the world, with a fortune of about $68.5 billion (€51.9 billion).

November 3, 2011

The ongoing feud between India's Ambani brothers may be coming to an end, as Mukesh and Anil are reportedly discussing a cooperation agreement in the telecommunications sector, raising speculations that they may reunite the family business founded by their late father Dhirubhai Ambani.

The ongoing feud between India's Ambani brothers may be coming to an end, as Mukesh and Anil are reportedly discussing a cooperation agreement in the telecommunications sector, raising speculations that they may reunite the family business founded by their late father Dhirubhai Ambani.

March 17, 2011

Chairman of family-controlled Reliance Industries, Mukesh Ambani, has been named a director at Bank of America Corporation, the first family business head to join the board.

Chairman of family-controlled Reliance Industries, Mukesh Ambani, has been named a director at Bank of America Corporation, the first family business head to join the board.

The Bank of America said in a statement on 16 March that Ambani will stand for election to the board at the bank’s annual meeting of shareholders next month. When appointed, the second-generation head of India’s biggest conglomerate will become the first non-US citizen to sit on the bank’s board.

August 31, 2010

Mukesh Ambani’s Reliance Industries has continued its diversification drive with the purchase of a minority stake in family-run luxury hotel group Oberoi.

Mukesh Ambani's Reliance Industries has continued its diversification drive with the purchase of a minority stake in family-run luxury hotel group Oberoi.

Reliance Industries Investment and Holding Private Limited, a wholly owned subsidiary of Reliance Industries, has acquired a 14.12% stake in Oberoi subsidiary EIH for $217 million.

In a statement, Reliance said it had decided to make an investment as "the Oberoi family had developed Oberoi Hotels into a premier international brand".

August 26, 2010

Marc Smith analyses the trends

Just a few years ago they were analogous to the gluttonous charicatures in a Hogarth painting, but M&A deals have been on the equivalent of a corporate Atkins diet of late.

The biggest deal this year involves a family-controlled Indian business in the telecommunications sector with a price tag of $11 billion.

In sharp contrast, when we last covered the family business M&A story in the summer of 2007, the largest deal was a joint $96 billion bid for ABN Amro by the Botin family-controlled Santander group in partnership with RBS and Fortis.

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