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Thai family businesses

December 10, 2013

Business founders in Asia are delaying passing the reins on to the next generation, despite wanting to keep their company in family hands, a new report out of Singapore reveals.

Business founders in Asia are delaying passing the reins on to the next generation, despite wanting to keep their company in family hands, a new report out of Singapore reveals.

According to Asian business families succession: going the distance with the next generation, the first generation of a family firm is only likely to cede management control in their 70s.

September 3, 2013

Red Bull next-gen Vorayuth Yoovidhya, whose family also co-owns the sole authorised Ferrari importer in Thailand, is wanted by police after he failed to appear in court for a hit-and-run incident involving his sports car, which killed an on-duty policeman.

Red Bull next-gen Vorayuth Yoovidhya, whose family also co-owns the sole authorised Ferrari importer in Thailand, is wanted by police after he failed to appear in court for a hit-and-run incident involving his sports car, which killed an on-duty policeman.

A defence lawyer for the 28-year-old said he was on a business trip to Singapore and was unable to return to Thailand for Monday's indictment because he fell ill.

August 28, 2013

America Movil backs sweetened Telefonica deal, Charoen Sirivadhanabhakdi looks to reduce debt with IPO, Pritzker Organization takes timber services company private, Maple Leaf Foods sells biodiesel and rendering business, and the Bettencourts rule out a L'Oreal sale.

America Movil backs sweetened Telefonica deal, Charoen Sirivadhanabhakdi looks to reduce debt with IPO, Pritzker Organization takes timber services company private, Maple Leaf Foods sells biodiesel and rendering business, and the Bettencourts rule out a L'Oreal sale.

America Movil
Telefonica has received the support of Dutch telecommunications company KPN’s biggest investor, America Movil, to acquire its German mobile unit E-Plus.

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