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August 30, 2022

CleanHub builds an asset-light waste management company, funded by consumer goods brands, to stop ocean plastic and enable the circular economy. Leading VC firm Lakestar talks to founder and chief executive officer Joel Tasche.

The sea has long been a source of inspiration for artists, but for one surfer it was the source of inspiration for a company.

FB Roundup: Walmart, H&M, Lotte Group

October 3, 2020

Walton family’s Walmart sells Asda to British billionaire brothers, Persson family’s H&M closes 250 stores and ramps up online investment, Lotte Group prepares for the hands-free “untact” future today.

Walton family’s Walmart sells Asda to British billionaire brothers

Walmart, the world’s largest family business, has sold most of its ownership of the Asda supermarket chain in the UK after 21 years to a fledgling British family business owned by the billionaire Issa brothers for £6.8 billion ($8.7 billion).

FB Roundup: Inditex, Mars, Chuck Feeney

September 17, 2020

Deepening digital strategy boosts Inditex coronavirus recovery, Mars principal leads charge to overhaul capitalism with social purpose, Billionaire Chuck Feeney goes broke after going big in philanthropy.

Deepening digital strategy boosts Inditex coronavirus recovery

Online sales turbo-charged a V-shaped coronavirus recovery into profit for the digitally innovative Ortega family-owned Spanish fashion giant Inditex, best known for its high street chain Zara.

Nintendo’s value jumps $7.5 billion on success of Pokémon GO

July 11, 2016

Share prices at Japanese video game maker Nintendo, owned by the sixth generation of the Yamauchi family, have surged 36% since the release of a Pokémon-themed smartphone game last week.

Share prices at Japanese video game maker Nintendo, owned by the sixth generation of the Yamauchi family, have surged 36% since the release of a Pokémon-themed smartphone game last week.

The unexpected success of Pokémon GO, Nintendo’s second smartphone title, in which users hunt virtual ‘pocket monsters’ in real-world locations, has added nearly $7.5 billion worth of market value to the Kyoto-based firm.

Google exec invests in Uber-type app for helicopters

May 21, 2015

Google’s chairman is among several tech and media executives investing in an Uber-style app that provides helicopter services for New Yorkers.

Google’s chairman is among several tech and media executives investing in an Uber-style app that provides helicopter services for New Yorkers.

Blade launched a year ago and flies users to destinations such as the Hamptons, Cape Cod or Martha’s Vineyard, as well as local airports. A single trip starts around $575.

Eric Schmidt, alongside Barry Diller and David Zaslavs has invested $6 million in the company, which was started with just $50,000. The latest investment values the company at $25 million.

Campden Wealth app launched

July 24, 2012

A new wealth app, which brings together news and commentary from CampdenFB, FO and NXG magazines, as well as information on research and upcoming conferences, has been launched by Campden.

Available through the App Store and Google Play, the free-to-download app is “indispensable for wealth owners”, reckons David Bain, editorial director of Campden Wealth.

App to boost next-gen knowledge of family businesses

February 6, 2012

A new app for the iPad, which will help make next-gen teenagers aware of “sound family business dynamics and practices”, has been launched.

Released by Business Families Foundation, a Canadian organisation that supports family businesses worldwide, the app uses a game format to boost awareness of family businesses among young people.