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sales of FBs

August 25, 2017

AP Moller-Maersk is to sell its oil and gas assets to French firm Total for $7.45 billion, a decision the matriarch of the founding family described as “difficult, but right”.

AP Moller-Maersk is to sell its oil and gas assets to French firm Total for $7.45 billion, a decision the matriarch of the founding family described as “difficult, but right”.

The agreement follows an announcement late last year by Maersk that it would split its operations into two entities, one focussed on energy (Maersk Oil), the other on container shipping, ports and logistics (Maersk Line).

July 12, 2017

Billionaire Wang Jianlin to sell hotels and tourism properties; Danone sheds US dairy business to competitor; and Hobby Lobby fined for smuggling Iraqi artefacts

Billionaire Wang Jianlin to sell hotels, tourism properties

China’s second wealthiest man will sell some of his multi-billion dollar property portfolio to a competitor, as a means of paying down debt.

Wanda Group, led by billionaire Wang Jianlin, will sell 76 hotels and a 91% share in 13 tourism properties to Sunac Holdings for ¥63.17 billion ($9.29 billion).

January 22, 2016

Henkel names new CEO; Reliance issues share to battle Bharti; Family businesses top Edelman trust poll 

Henkel names Hans Van Bylen as new CEO
Hans Van Bylen is to take over at German consumer goods maker Henkel after its incumbent chief executive Kasper Rorsted left to become the new CEO of Adidas.

Van Bylen, Henkel’s former head of the beauty care business, joined the family-controlled firm in 1984 and has been a member of the management board since 2005.

January 15, 2016

Brown-Forman sells liqueur brands to fellow family-owned business, fourth-gen announces succession plan at Schindler Group, leadership change at White Castle, and Mills family sells out to KKR.

Brown-Forman sells liqueur brands to fellow family-owned business, fourth-gen announces succession plan at Schindler Group, leadership change at White Castle, and Mills family sells out to KKR.

Brown-Forman sells two liqueur brands

US family alcohol business Brown-Forman has sold two of its liqueur brands, Southern Comfort and Tuaca, to another family-owned company, Sazerac Company, for $544 million.

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.

October 9, 2015

Schaeffler finally lists on stock exchange following delays due to VW scandal; Lotte family feud goes to court; Lundin tries to woo investors on merger.

Schaeffler debuts on stock market following delays

Family-owned car parts company Schaeffler saw its shares rise 8% on its market debut on Friday.

The German family business delayed the IPO one week due to the emissions scandal at Volkswagen, which accounts for more than 10% of group sales.

The company had also scaled back the size of the IPO, raising €938 million in the listing where it had initially planned to raise €2.5 billion.

January 30, 2015

A Thai family business next gen buys into UK football, Dalian Wanda plans a new landmark for Sydney, H&M's positive fourth quarter results, and Minor International expands into Latin America and Europe.

Thai Union Frozen Group and Sheffield Wednesday

Dejphon Chansiri, whose family founded and controls the world’s largest producer of tuna, Thai Union Frozen Group, has this week acquired 100% of Sheffield Wednesday Football Club.

August 21, 2014

Odebrecht secures Columbian waterway contract; Penske Media purchases Fairchild from Conde Nast

Odebrecht secures €979 million waterway contract

Brazilian construction company Odebrecht, owned by the eponymous family, will take the lead on a 2.5 trillion peso (€979 million) joint venture to build shipping channels on Columbia’s Magdalena River. 

The deal will allow for 6 million tons of cargo transport each year. 

July 17, 2014

Last week’s sale of kitchen appliance manufacturer Indesit, the latest in a long line of large Italian family businesses recently sold to foreigners, could be a wake up call for the government to make the country more business friendly, a family business academic says.

Last week’s sale of kitchen appliance manufacturer Indesit, the latest in a long line of large Italian family businesses recently sold to foreigners, could be a wake up call for the government to make the country more business friendly, a family business academic says.

The Merloni family sold its controlling 60.4% stake in the company to US competitor Whirlpool for €758 million, bringing to an end four generations of family control. It was the largest producer of home appliances in Italy.

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