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Europe

February 13, 2019

Business families of significant wealth are reviewing the implications of Brexit as the scheduled date for Britain’s withdrawal from the European Union looms.

Business families of significant wealth are reviewing the implications of Brexit as the scheduled date for Britain’s withdrawal from the European Union looms.

PwC has been urging clients to start activating contingency plans in areas where Brexit may affect supply chains and cross-border change. For the sector as whole, many organisations were still waiting to see what the final outcome of negotiations will be before taking significant investment decisions, Peter Englisch (pictured above), global and EMEA family business leader at PwC Germany, said.

August 14, 2018

Family businesses account for more than two-thirds of UK businesses and many of these families have strong links with the European Union. The UK's exit from the EU could present them with significant risks, especially given that the regulatory framework that will govern the UK's future relationship with the EU is still unknown.

Family businesses account for more than two-thirds of UK businesses and many of these families have strong links with the European Union. The UK's exit from the EU could present them with significant risks, especially given that the regulatory framework that will govern the UK's future relationship with the EU is still unknown.

While nobody can foresee the economic outcome of Brexit, there are practical steps that family businesses can take to prepare for a future outside the EU.

June 28, 2018

Food and hospitality is “the next business frontier” for Europe’s luxury fashion families, with Bulgari descendant and investor Francesco Trapani the latest to help himself to a side of Italy’s food industry.

Food and hospitality is “the next business frontier” for Europe’s luxury fashion families, with Bulgari descendant and investor Francesco Trapani the latest to help himself to a side of Italy’s food industry.

Trapani, who sold his family’s stake in jeweller Bulgari to LVMH in 2011 for €4.8 billion ($5.5 billion), has added Italian pizza chain Briscola and gelato maker Geloso to his portfolio, alongside the 5% stake he owns in Tiffany.

June 20, 2018

Missoni eyes international expansion, Heineken invests in the Great British Pub, and Alexa checks into Marriott.

Missoni eyes international expansion

The Missoni family have sold a 41.2% stake in their eponymous fashion house to Italian private equity firm FSI, a move the family say will make them more competitive internationally.

The stake was valued at €70 million ($93 million), and the companies said in a statement it would involve a capital increase and no leverage against Italy’s Missoni. The family retains majority control.

June 6, 2018

Campden Wealth is delighted to welcome back Jean Mane as chair of the eagerly-anticipated European Families in Business Conference in Madrid on 12-13 June.

Campden Wealth is delighted to welcome back Jean Mane as chair of the eagerly-anticipated European Families in Business Conference in Madrid on 12-13 June.

March 6, 2018

Flat global sales and corporate streamlining are behind an 8% drop in revenue for 2017, the Danish family owned Lego Group announced today.

Flat global sales and corporate streamlining are behind an 8% drop in revenue for 2017, the Danish family owned Lego Group announced today.

Revenue for the full year fell after more than a decade of strong growth to DKK 35 billion ($5.8 billion) from DKK 37.9 billion ($6.3 billion) in 2016. The decline came despite a Lego movie and Star Wars merchandise tie-ins and the royal opening of the Lego House family attraction last year.

November 24, 2017

Dik Wessels, the Dutch construction tycoon and the family business patriarch who formed VolkerWessels, has died at the age of 71 after poor health.

Dik Wessels, the Dutch construction tycoon and the family business patriarch who formed VolkerWessels, has died at the age of 71 after poor health.

Hailed as one of the most successful businessmen in the Netherlands, Wessels was aged 14 when he started working for the modest eponymous family business owned by his father, Rijssen carpenter Arend Wessels.

The second-generation leader officially took over in 1968 and accelerated business growth, especially in the 1980s after his father died. 

May 31, 2017

Benetton's bid for toll road firm, Nintendo switches up production, and IKEA reassembles its leadership.

Benetton's bid for toll road firm
 
The family synonymous with colourful clothing and controversial advertisements is ramping up its efforts in the comparatively drab toll road industry.
 
The Benetton family’s largest asset is not its well-known and now struggling clothing arm, but toll road operator Atlantia, which is eyeing an $18.3 billion takeover of Spanish infrastructure firm Albertis. 
 
August 23, 2016

Britain has taken the first step down a long and uncertain road to its departure from the European Union. James Beech asks financial experts if family offices are in for a bumpy ride

Britain has taken the first step down a long and uncertain road to its departure from the European Union. James Beech asks financial experts if family offices are in for a bumpy ride

More than 17 million Britons voted on 23 June to leave the European Union after 43 years – triggering a tsunami of unprecedented political upheaval and volatility in financial markets which has shaken the United Kingdom and reverberated around the world.

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