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Latest News
Electric bid by octogenarian Hong Kong billionaire
Friday 30th July 2010
Li Ka-shing, the 82-year-old head of the Cheung Kong Group of companies, shows no signs of taking a back seat in his business empire as he leads a £5.8 billion acquisition bid for the UK electricity grid owned by EDF energy.
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VW drives home advantage with stellar results
Friday 30th July 2010
VW, the family-controlled automaker, continues to outpace Porsche, its smaller rival owned by a different branch of the same family, ahead of their proposed merger next year.
Banking empire of Greek billionaire takes a knock
Friday 30th July 2010
The first half results of Swiss private bank EFG International has dented the performance of a banking empire run by Greece’s richest man, Spiro Latsis.
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Billionaire European family to launch asset management business
Thursday 29th July 2010
The Bertarellis, one of the world’s wealthiest families, are to build a global asset management franchise and have hired a senior BNY Mellon banker to run it.
Secretive supermarket billionaire dies
Thursday 29th July 2010
Theo Albrecht, the highly secretive co-founder of discount retailer Aldi, died on Saturday at 88.
Saudi family business hit by further problems
Wednesday 28th July 2010
Saad Group, the Saudi Arabian conglomerate owned by Maan Al Sanea, was yesterday ordered to pay $33.1 million to Abu Dhabi Commercial Bank for defaulting on a currency swap agreement.
Luxury proves enduring success for families
Wednesday 28th July 2010
LVHM, the French luxury group controlled by the Arnault family, yesterday announced strong half-year results that firmly signals a rebound in the luxury market for family-controlled firms.
Billionaire Asian family looks set to buy TV group
Tuesday 27th July 2010
One of Asia’s wealthiest families is expected to further diversify away from its core business with the purchase of Thailand’s biggest cable TV operator from private equity firm the Carlyle Group.
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