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Walton family

May 4, 2018

United States based family businesses have sent shockwaves around the United Kingdom with separate plans for a $10 billion supermarket merger and an $800 million bid for the national stadium.

United States-based family businesses have sent shockwaves around the United Kingdom with separate plans for a $10 billion supermarket merger and an $800 million bid for the national stadium.

Retail giant Walmart, owned by the Walton family, announced on Monday its “combination” of its UK subsidiary Asda with rival chain Sainsbury’s to create the country’s largest grocer by market share.

January 19, 2018

Brunello Cucinelli sells stake to fund foundation, Walmart hikes wages but cuts staff, and L’Oreal grows Chinese skin

Brunello Cucinelli sells stake to fund foundation

Italian designer Brunello Cucinelli has sold 6% of his eponymous fashion house for nearly €100 million ($122 million), putting the money into his family foundation.

The shares, sold via an accelerated book build mainly to US institutional investors, mean the Cucinelli family—Brunello, his wife Federica and two daughters Camilla and Carolina—now own 51% of the business.

January 17, 2017

The Walton family grew American retail chain Walmart into the largest retailer in the world and became the richest family in the US in the process. CampdenFB takes a look at the people behind the brand. 

The Walton family grew American retail chain Walmart into the largest retailer in the world and became the richest family in the US in the process. CampdenFB takes a look at the people behind the brand. 

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.

September 25, 2012

Is wealth generation on the move again, this time from east to west? If two different rich lists, published by Forbes in the US and Hurun in China, are anything to go by, that appears to be the case.

Is wealth generation on the move again, this time from east to west? If two different rich lists, published by Forbes in the US and Hurun in China, are anything to go by, that appears to be the case.
 
According to the Hurun Rich List, which tracks wealth in China, nearly half of the country’s 1,000 richest have seen their fortunes fall this year. The average wealth of the super-rich has dropped by 9% to $860 million (€665 million).
 

January 28, 2012

Most family businesses go to great lengths to preserve some of the traditions established by their founders. But now retail giant Walmart, controlled by members of the Walton family, seems to be turning its back on its founder’s legacy.

Most family businesses go to great lengths to preserve some of the traditions established by their founders. But now retail giant Walmart, controlled by members of the Walton family, seems to be turning its back on its founder’s legacy.

The American company has removed greeting staff from overnight shifts at its US stores, in a move that takes away a bit of the family business’s 30-year-old practice of ensuring all customers are welcomed into shops.

January 19, 2012

For some people living in the US, shopping in Walmart is a must-do weekly affair. After all, the American family business is the world’s largest retailer and sells everything from groceries and electronics to toys and clothing.

For some people living in the US, shopping in Walmart is a must-do weekly affair. After all, the American family business is the world’s largest retailer and sells everything from groceries and electronics to toys and clothing.

December 22, 2011

Walmart is best known for its giant stores, the fortune it made its founding family and its sometimes questionable employee practices, but as Christmas approaches, the family business has shown a different side. 

Walmart is best known for its giant stores, the fortune it made its founding family and its sometimes questionable employee practices, but as Christmas approaches, the family business has shown a different side.

The company has organised a 12 Days of Giving campaign on Facebook, where it will donate $1.5 million (€1.15 million) to 145 organisations across the US.

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