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December 21, 2020

The author of a new book on international attitudes to the rich warns the wealthy are already being called on to pay for the coronavirus pandemic and are a minority in danger of being scapegoated.

The author of a new book on international attitudes to the rich warns the wealthy are already being called on to pay for the coronavirus pandemic and are a minority in danger of being scapegoated.

December 6, 2020

Second UK lockdown cost Weston family’s Primark $579 million in sales, Red Bull energises Yoovidhya family of inventor with $257 million payout, Lord Bamford gives JCB staff an extra holiday to mark 75th anniversary.

Second lockdown costs Weston family’s Primark $579 million in sales

The Weston family-controlled food and retail giant Associated British Foods estimates it lost £430 million ($579 million) in sales while its high street fashion retailer Primark was closed during the latest coronavirus lockdown.

December 2, 2020

How do attitudes towards the rich differ in the United Kingdom, France, Germany and the United States? The wealthy and ultra-wealthy are increasingly the targets of criticism and, as often in history, they become scapegoats for negative social developments, says renowned German author and journalist Rainer Zitelmann.

How do attitudes towards the rich differ in the United Kingdom, France, Germany and the United States? The wealthy and ultra-wealthy are increasingly the targets of criticism and, as often in history, they become scapegoats for negative social developments, says renowned German author and journalist Rainer Zitelmann.

November 27, 2020

Billionaire Ray Dalio to set up family office in Singapore, Gregg Lemkau quits Goldman Sachs to advise Michael Dell's investments, next-generation chairman Koo Kwang-mo shakes up LG Corporation.

Billionaire Ray Dalio to set up family office in Singapore

Ray Dalio, founder of the world’s largest hedge fund, is the latest billionaire to open a family office in Singapore.

Dalio, 71, the US investor who founded Bridgewater Associates in his New York apartment in 1975, felt it was “high time” to build on his links to Singapore and Asia-Pacific, his spokesman said.

October 23, 2020

Forrest mining family office Tattarang diversifies into apparel brand RM Williams, Ferragamo family denies minority stake sale claim, Louis Vuitton and Christian Dior power LVMH rebound.

Forrest mining family diversifies into apparel brand RM Williams

Andrew Forrest, the Australian mining magnate and family office principal, says he is “incredibly proud and humbled” to return a former family business to Australian ownership in a $135 million acquisition indirectly from the French family-owned luxury giant LVMH.

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).

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.

March 9, 2020

Founder’s great-grandson takes chair as Lego builds in China, billionaire “hotpot queen” chooses Singapore for her new family office and next-gen James Murdoch joins the fight against fake news.

Founder’s great-grandson takes chair as Lego builds in China

Thomas Kirk Kristiansen (pictured), a fourth generation member of Lego’s founding family, has taken over the role of chairman as the Danish toy giant announces record sales.

November 22, 2019

Melia, Inditex and Damm families lead Spain’s digital revolution, family businesses H&M Group and IKEA unite to study recycled textiles, and Hays family creates 1,500 new careers in the UK’s travel industry.

Melia, Inditex and Damm families lead Spain’s digital revolution

Spanish family businesses Melia Hotels International, Inditex and Damm have been named among the top 10 companies leading the digital transformation of the Spanish economy.

Research by the Coordenadas Institute of Governance and Applied Economics hailed the families and public peers, such as Telefonica and Seat, for adapting their business models through digitalisation. Their motivation was to enhance their competitiveness and position themselves as international benchmarks.

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