Vimeo
LinkedIn
Instagram
Share |

Walmart

April 23, 2015

Investor sentiment and family reputation could be driving the Walton family’s announcement that it intends to cap its stake in US hypermarket chain Walmart at 50%, according to a business academic from Arkansas, where the company is headquartered.

Investor sentiment and family reputation could be driving the Walton family’s announcement that it intends to cap its stake in US hypermarket chain Walmart at 50%, according to a business academic from Arkansas, where the company is headquartered.

Share buyback programmes have caused the family’s stake to rise above the threshold, and it has consequently announced it will rid itself of shares “from time to time” to stop this.

December 24, 2014

A messy divorce, impact investing, and Indonesian rich lists – these were just some of the themes that kept CampdenFB readers hooked during 2014. Below we’ve listed the most read stories of the year.

A messy divorce, impact investing, and Indonesian rich lists – these were just some of the themes that kept CampdenFB readers hooked during 2014. Below we’ve listed the most read stories of the year.

1.    Berkshire Hathaway offers long-term alternative for family offices

July 25, 2014

Former Woolworth’s exec to head Walmart; Gokongwei family buy NZ biscuit maker for $700 million; Louis Dreyfus exits Indonesian palm oil venture

Former Woolworth’s exec to head Walmart; Gokongwei family buy NZ biscuit maker for $700 million; Louis Dreyfus exits Indonesian palm oil venture

Former Woolworth’s exec to head Walmart

Greg Foran, the former head of Woolworths, has been appointed president and chief executive of Walmart US, replacing Bill Simon, who has headed the company since 2010.

June 9, 2014

Walmart second-gen Rob Walton has appointed son-in-law Greg Penner to vice chairman of the family business, putting him in line to gain control of the multinational corporation. 

Walmart second-gen Rob Walton has appointed son-in-law Greg Penner to vice chairman of the family business, putting him in line to gain control of the multinational corporation.

Speaking at the annual shareholders meeting in Arkansas on Friday, Walton revealed Penner, a board member since 2008, would act as chairman during periods of absence and use his expertise in technology and e-commerce to develop a range of smaller stores.

April 24, 2014

A third gen of the Walmart dynasty is facing a difficult divorce from her husband of six years, after filing a civil lawsuit claiming he stole money from her during their marriage.

A third gen of the Walmart dynasty is facing a difficult divorce from her husband of six years, after filing a civil lawsuit claiming he stole money from her during their marriage.

Paige Laurie is divorcing her husband Patrick "Bo" Dubbert citing irreconcilable differences, but also lodged a civil suit on the grounds he siphoned cash from a business they operated together.

Laurie, the granddaughter of Bud Walton, the brother of Walmart founder Sam Walton, and Dubbert owned a shopping centre in Malibu that Dubbert managed.

March 5, 2014

A reclusive second-gen to Chinese real estate agent Logan Properties has been declared the youngest billionaire on the planet by Forbes World’s Billionaires List, which includes a number of family business members.

A reclusive second-gen to Chinese real estate agent Logan Properties has been declared the youngest billionaire on the planet by Forbes World’s Billionaires List, which includes a number of family business members.

At age 24, Hong Kong native Perenna Kei is an 85% shareholder in the family business and a non-executive director. Her father, Ji Haipeng, is chairman and chief executive of the company.

December 5, 2013

Walmart’s attempt to make a quick buck off anti-capitalist images by street artist Banksy has backfired, with the artist’s publicist asking to have the items removed.

Walmart’s attempt to make a quick buck off anti-capitalist images by street artist Banksy has backfired, with the artist’s publicist asking to have the items removed.

The retailer, controlled by the Waltons, had been selling canvases and t-shirts bearing the artist’s stenciled images through its website.

One image included a street vendor selling a t-shirt emblazoned with the words ‘Destroy Capitalism’.

November 19, 2013

A US environmental group has accused family-controlled retail giant Walmart of leaving some of its most polluting activities off its annual sustainability report.

A US environmental group has accused family-controlled retail giant Walmart of leaving some of its most polluting activities off its annual sustainability report.

In 2005, the hypermarket chain, controlled by the Walton family, launched a much-publicised sustainability campaign. It says since then its greenhouse gas emissions have risen only 14%.

September 3, 2013

A Kenyan family's feud over whether their supermarket chain is or is not a family business has not yet derailed a deal to sell a controlling stake to an outside investor, with a court giving the green light for the deal. 

A Kenyan family's feud over whether their supermarket chain is or is not a family business has not yet derailed a deal to sell a controlling stake to an outside investor, with a court giving the green light for the deal.

Newton Kagiha, a disinherited son of Peter Mukuha Kago, applied for an injunction from the high court to block the sale of the family’s Naivas supermarket chain while a dispute over inheritance was resolved.

Click here >>
Close