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Family Business

March 29, 2019

Germany’s second wealthiest family, behind global brands Pret a Manger, Dr Pepper, and Krispy Kreme, say they are “ashamed” by their ancestors’ brutality towards slave labour during Nazi rule.

Germany’s second wealthiest family, behind global brands Pret a Manger, Dr Pepper, and Krispy Kreme, say they are “ashamed” by their ancestors’ brutality towards slave labour during Nazi rule.

March 27, 2019

Hermès posts strong sales thanks to surging Chinese demand, CK Hutchinson and CK Asset Holdings post upbeat profit results, and Levi Strauss valued at $6.6 billion after return to public markets.

Hermès posts strong sales thanks to surging Chinese demand

French luxury brand Hermès Group, headed by sixth-generation family member Axel Dumas, has posted a strong performance in 2018 on the back of increased demand from Chinese clients.

March 26, 2019

The Swedish family controlled appliance giant Electrolux is setting the benchmark on sustainability with its launch of green bonds this week and ambitious renewable targets on track for 2020.

The Swedish family controlled appliance giant Electrolux is setting the benchmark on sustainability with its launch of green bonds this week and ambitious renewable targets on track for 2020.

The world’s fifth largest consumer goods manufacturer issued the first bond loan within its green bond framework, raising SEK 1 billion ($108.4 million) to fund investments and other projects with environmental benefits.

March 22, 2019

The only matriarch of a Rothschild company is about to complete a four-year project to bring the dynasty’s billion-dollar private Swiss bank into full family ownership, with ambitions for growth through buy-outs.

The only matriarch of a Rothschild company is about to complete a four-year project to bring the dynasty’s billion-dollar private Swiss bank into full family ownership, with ambitions for growth through buy-outs.

March 21, 2019

Latin American family businesses must create value and thrive for the economic well-being of their home countries, but succession planning is the most common reason why family firms fail.

Latin American family businesses must create value and thrive for the economic well-being of their home countries, but succession planning is the most common reason why family firms fail.

March 20, 2019

Italian coffee giant Illy buys British chocolatier Prestat, Queensgate Investments buys four Grange hotels, and Luxottica founder allays fears as EssilorLuxottica seeks new chief executive.

Italian coffee giant Illy buys British chocolatier Prestat

Italian family firm Illy Group has acquired historic British luxury chocolate maker Prestat as it looks to expand its portfolio of premium brands.

Prestat is Buckingham Palace’s chocolate truffle supplier and is said to be the inspiration for Roald Dahl’s book Charlie and the Chocolate Factory.

March 19, 2019

Campden Americas is ready to host some of North and Latin America's leading families when its Americas Families in Business Conference returns to Miami for the 12th year on 25-27 March.

Campden Americas is ready to host some of North and Latin America's leading families when its Americas Families in Business Conference returns to Miami for the 12th year on 25-27 March.

Arison (Carnival Cruises), Barnard (Vitamix), Sternlicht (Starwood Group) and Vollmer (Ron Santa Teresa) are among the families set to attend.

March 14, 2019

The family behind Britain’s last domestically-owned carmaker says it sold its majority stake to an Italian family private equity firm to secure the future of its 110-year-old business.

The family behind Britain’s last domestically-owned carmaker says it sold its majority stake to an Italian family private equity firm to secure the future of its 110-year-old business.

Sports car manufacturer Morgan Motoring Company will be acquired by Italian investment group Investindustrial next month on undisclosed terms. The investment was made without financial debt and Morgan will have a positive net cash position upon closing of the transaction in April.

March 13, 2019

Hedge fund dumps Sackler family over opioid crisis, billionaire Soffer siblings part ways, and Leonie Schroder replaces late father on Schroders board.

Hedge fund dumps Sackler family over opioid crisis

The billionaire Sackler family that controls OxyContin maker Purdue Pharma, already facing mounting legal and financial pressure, has been expelled from a hedge fund for its alleged role in fuelling the opioid crisis.

A spokeswoman for Hildene Capital Management confirmed the firm is returning Sackler family money, but declined to elaborate on the decision.

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