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July 29, 2016

JAB Holdings completes $1.3 billion acquisition of Krispy Kreme; Volkswagen stock price crashes after Q2 results; and Todd Corporation given nod to sell gold mine stake 

JAB Holdings completes $1.3 billion acquisition of Krispy Kreme

JAB Holding, the investment vehicle of the Reimann family, has completed its $1.3 billion acquisition of US-based doughnut and coffee company Krispy Kreme.

In a two-paragraph statement, the two companies confirmed the completion of the sale this week, and added that Krispy Kreme will become a privately held company.

July 1, 2016

Lotte second-gen summoned to prosecutors’ office; Henkel buys Sun Products for €3.2 billion; and Volkswagen to pay $14.7 billion settlement

Lotte second-gen summoned to prosecutors’ office

Shin Young-ja, the chairwoman of the Lotte Scholarship Foundation, appeared at the Seoul Central Prosecutors’ Office today over allegations that she received bribes.

The 74-year-old is accused of accepting bribes from the former chief of cosmetics brand Nature Republic in exchange for store space in Lotte’s duty-free outlets.

June 23, 2016

Being the largest national economy in Europe is a mixed blessing for Germany, especially now that sweeping changes are coming for the country’s family businesses. Michael Finnigan takes a look

Being the largest national economy in Europe is a mixed blessing for Germany, especially now that sweeping changes are coming for the country’s family businesses. Michael Finnigan takes a look

June 17, 2016

Cargill gets $10 million in tax breaks to stay in Wichita; Merck shares sore following lung cancer study; and Volkswagen families display unity ahead of annual general meeting

Cargill gets $10 million in tax breaks to stay in Wichita

A deal to keep family-controlled Cargill operating in Wichita includes nearly $10 million in tax breaks from government entities over a 10-year period, according to documents obtained by the Associated Press.

April 22, 2016

Peroni and Grolsch sold to smooth AB Inbev and SABMiller deal; Primark profits hampered by strong dollar; and Volkswagen agrees to buy back 600,000 US vehicles

Peroni and Grolsch sold to smooth AB Inbev and SABMiller deal

Family-controlled brewer AB InBev, which has been shedding assets to win regulatory approval for a takeover of SABMiller, has agreed to a €2.55 billion ($2. 87 billion) deal to sell European lager brands Peroni and Grolsch.

Japanese brewer Asahi will buy the lager brands in the UK and Europe, as well as London’s Meantime brewery, which is being put up for sale to help ease regulatory concerns over its £71 billion ($102 billion) takeover of SABMiller.

March 11, 2016

Cargill plans to reduce antibiotic resistance in cattle; CEMEX to sell assets in Bangladesh, Thailand; and Volkswagen's US chief resigns amid on-going crisis

Cargill plans to reduce antibiotic resistance in cattle

Family-controlled Cargill, the world’s largest agricultural commodities trader, is reducing the use of antibiotics in its cattle following concerns about risks to humans from antibiotic-resistant bacteria.

The Minnesota-based company said it would eliminate 20% of antibiotics known to be important to humans from its four feed yards in Texas, Colorado and Kansas.

March 4, 2016

Winterkorn aware of Volkswagen emission cheating software back in 2014; Heineken announces $2bn spending spree in Mexico; and Brown-Forman shifts focus to US

Winterkorn aware of Volkswagen emission cheating software back in 2014

Volkswagen shares suffered a slight dip, before recovering lost ground, after the carmaker admitted that former CEO Martin Winterkorn was aware of emission cheating software as early as May 2014.

January 11, 2016

A next gen is appointed at resort and spa group Banyan Tree; International Hospital Group announces a partnership in China; and Volkswagen's Martin Winterkorn continues to take home a large pay packet.

Banyan Holdings
After taking a break from the family business to set up her own company, Ho Ren Yung, daughter of Banyan Tree Holding’s founder and executive chairman Ho Kwon Ping, has been appointed director of the company’s group retail operations.

Listed in Singapore, the luxury resort group began as a boutique hotel in Thailand and has grown into an international hospitality brand with over 150 resorts, spas and retail galleries worldwide.

December 4, 2015

BlueCrest to close Hedge Fund and return outsider money; Louis Dreyfus family ask to be bought out; and Volkswagen sales drop 25% in US

BlueCrest to close Hedge Fund and return outsider money

BlueCrest Capital Management, the hedge fund founded by billionaire Michael Platt, has decided to jettison its clients and rebrand itself as a private investment partnership.

The 15-year-old hedge fund, which managed around $36 billion at its peak in 2012 but now manages $8 billion, said it has become increasingly difficulty to generate returns and that it will now manage the money of Platt, employees and partners. 

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