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September 15, 2017

Lotte to sell stores over Chinese missile defence sanctions; youngest-ever chief financial officer steps up at Kraft Heinz; and NZ philanthropist and businessman dies.

Lotte to sell stores over Chinese missile defence sanctions

South Korean chaebol Lotte is to start selling its Chinese supermarkets, after Beijing hit it with unofficial sanctions related to the nuclear arms tensions on the Korean peninsula.

December 13, 2016

The global financial crisis triggered a change in the way the Chan family approached philanthropy. Now Dee Dee Chan is using her skills in Hong Kong’s wealth management industry at JP Morgan and BNP Paribas to drive social change as director of her family’s Seal of Love Charitable Foundation

The global financial crisis triggered a change in the way the Chan family approached philanthropy. Now Dee Dee Chan is using her skills in Hong Kong’s wealth management industry at JP Morgan and BNP Paribas to drive social change as director of her family’s Seal of Love Charitable Foundation

What do you hope to achieve with your wealth?

November 14, 2016

Taking a business from one horse-drawn cart to an international logistics firm is no easy task, but that is exactly what Germany’s Fiege family has accomplished over five generations. Michael Finnigan talks to its next-generation leaders about the long haul

Taking a business from one horse-drawn cart to an international logistics firm is no easy task, but that is exactly what Germany’s Fiege family has accomplished over five generations. Michael Finnigan talks to its next-generation leaders about the long haul

To some the origins of Fiege might sound like the classic 1980s British sitcom Only Fools and Horses: an entrepreneurial farmer-cum-businessman fixes a rickety cart to one of his horses in the hope his new “transportation business” will make him a millionaire.

September 1, 2016

Family business Toyota shot up almost one-third in its brand portfolio value to $55.3 billion this year, in the latest annual evaluation of the world’s most powerful brands.

Family business Toyota shot up almost one-third in its brand portfolio value to $55.3 billion this year, in the latest annual evaluation of the world’s most powerful brands.

The Japanese company owned by the Toyoda family grew by 30% to become the fifth fastest growing portfolio of brands, according to branded business valuation and strategy consultancy Brand Finance.

July 14, 2016

Dr Caroline Freund’s Rich People, Poor Countries: The Rise of Emerging-Market Tycoons and their Mega Firms looks at the rise of the newly super rich in the emerging world: who they are, how they got there, and their characteristics compared with the multi-generational wealthy in developed markets, such as America.

July 12, 2016

The largest publicly-listed Chinese fast food restaurant group in the world is mourning the death of its founder and first president.

The largest publicly-listed Chinese fast food restaurant group in the world is mourning the death of its founder and first president.

Cafe de Coral Group announced Victor Lo Tang-seong died peacefully on 30 June, surrounded by his family. He was 101-years-old.

July 1, 2016

Latin America is “dragging down” growth in the world’s population of the super-wealthy but Asia Pacific is tipped to push global wealth over the $100 trillion mark.

Latin America is “dragging down” growth in the world’s population of the super-wealthy but Asia Pacific is tipped to push global wealth over the $100 trillion mark.

Ultra-high net worth individual (UHNWI) wealth traditionally drove high net worth individual (HNWI) wealth each year however, the usual boost did not materialise in 2015, according to new World Wealth Report by Capgemini.

June 17, 2016

Australian casino firm Crown Resorts plans to spin-off its international investments, including its underperforming AUD$2.7 billion ($2 billion) interests in the Chinese gaming capital Macau, into a separate listed company.

Australian casino firm Crown Resorts plans to spin-off its international investments, including its underperforming AUD$2.7 billion ($2 billion) interests in the Chinese gaming capital Macau, into a separate listed company.

Former chairman James Packer, son of the late media mogul Kerry Packer, remains the majority controller of Crown Resorts with a 53% stake.

November 27, 2014

Samsung announced $2 billion share buyback scheme; African family business secures stake in new Coca-Cola operation; and Dalian Wanda seek approval for $6 billion IPO. 

Samsung announced $2 billion share buyback scheme

Family-owned chaebol Samsung has announced a $2 billion share buyback plan following calls from investors to improve returns.

The largest smartphone maker in the world said it would buy back 1.65 million common shares and 250,000 preferred shares – the second-largest buyback in the firm’s history, according to Reuters.

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