Carlsberg

Industrial Foundations: The imperfect solution to long-term prosperity?

August 1, 2018

Industrial foundations lock up generations of family wealth. But what they lack in flexibility they compensate in prospects for long-term prosperity. Scott McCulloch reports

Industrial foundations lock up generations of family wealth. But what they lack in flexibility they compensate in prospects for long-term prosperity. Scott McCulloch reports

Foundations have deep roots in privately-held enterprises, especially in northern Europe’s high-tax jurisdictions. The business model is imperfect, but goes a fair way towards preserving multigenerational wealth.

Family Business Roundup: Country Garden Holdings, Vivendi, and Heineken

July 10, 2015

China’s Country Garden Holdings to spin off property division; Vincent Bolloré causes uproar with leaked memos; and Heineken returns to Myanmar after twenty-year absence

China’s Country Garden Holdings to spin off property division

Chinese real estate conglomerate Country Garden Holdings, owned by the country’s second richest woman Yang Huiyan, is planning to spin off its property management business in order to raise capital.

The Foshan-based company is shoring up its balance sheets after a pickup in property sales and will sell 6 billion yuan ($966 million) of onshore three-year bonds as part of the capital raise, chief financial officer Wu Jianbin told Bloomberg.

S&N refuse brewery giants

November 1, 2007

Brewery giants Heineken, owned by the Heineken family, and Carlsberg have formed a consortium in order to make a proposal offer to fellow brewery group Scottish & Newcastle

Brewery giants Heineken, owned by the Heineken family, and Carlsberg have formed a consortium in order to make a proposal offer to fellow brewery group Scottish & Newcastle (S&N).

The S&N board has rejected the initial offer of 720p per share and has refused to enter into any discussions with the consortium.

The consortium has said in a statement that it "strongly believes that its proposal is strategically compelling and that a recommended transaction is in the best interests of S&N's shareholders."