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Westfield

December 5, 2013

Australian family retail empire Westfield Group has announced it will retake full control of the retail space at New York’s World Trade Center – 10 years after it sold the retail concourse of the original site, in the wake of the September 11 terrorist attacks.

Australian family retail empire Westfield Group has announced it will retake full control of the retail space at New York’s World Trade Center – 10 years after it sold the retail concourse of the original site, in the wake of the September 11 terrorist attacks.

Westfield, controlled by the Lowy family of Australia, repurchased a 50% stake in the retail part of the lower Manhattan site in July 2011, and announced in a statement this week that it would pay $800 million (€587 million) to buy the remaining stake.

August 15, 2012

The family behind shopping centre chain Westfield may be sitting pretty after reporting a big jump in earnings for the first half of this year, but the mood at family-controlled News Corp, Cargill and Bombardier will likely be subdued due to poor results.

The family behind shopping centre chain Westfield may be sitting pretty after reporting a big jump in earnings for the first half of this year, but the mood at family-controlled News Corp, Cargill and Bombardier will likely be subdued due to poor results.

August 10, 2011

Australia’s family-controlled shopping centre chain Westfield has acquired a 50% stake in a Brazilian family-owned company, as part of its move to enter fast growing emerging markets.

Australia’s family-controlled shopping centre chain Westfield has acquired a 50% stake in a Brazilian family-owned company, as part of its move to enter fast growing emerging markets.

Westfield, the world’s biggest shopping centre chain controlled by the Lowy family, said on 10 August that it has become joint owner of Almeida Junior Shopping Centre, owned by founder Jaimes Almeida Junior and his family.

September 1, 2004

An ageing population means the number of business owners seeking to leave their businesses over the next few years is ever increasing. But recent research suggests succession planning needs to be a much higher priority. Rowena Barrett and Glennis Hanley report

Rowena Barrett is director of the Family and Small Business Research Unit, Monash University, Melbourne. Glennis Hanley is a research associate with the Family and Small Business Research Unit.

An ageing population means the number of business owners seeking to leave their businesses over the next few years is ever increasing. But recent research suggests succession planning needs to be a much higher priority. Rowena Barrett and Glennis Hanley report

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