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De Beers

May 18, 2022

In this week’s FB Roundup, Rami Cassis stakes a claim in luxury brand Hervia; Alex Chesterman snaps up additional stock in Cazoo; and Hong Kong billionaire Li Ka-shing’s family office sets up in Singapore.

Rami Cassis stakes claim in luxury brand Hervia
International growth investor Rami Cassis has entered the luxury goods market with the acquisition of UK-based fashion brand Hervia through his private family office, Parabellum Investments.

The deal, which was made for an undisclosed sum, gives Cassis a 75% stake in the Manchester-based business which sells designer clothing and jewellery.

October 25, 2021

Oppenheimer family drives Asian investments with new Singapore family office, Mining magnate Andrew Forrest pushes green hydrogen, Ford Foundation to divest millions from fossil fuels.

Oppenheimer family drives Asian investments with new Singapore family office

The Oppenheimer family, heirs to the DeBeers diamond fortune, is the latest family enterprise to extend its family office into Singapore.

March 28, 2017

Hermès and LVMH announcing record profits for 2016 suggests the French family businesses are resuscitating the moribund $1.1 trillion global luxury market despite ongoing political and economic uncertainty.

Hermès and LVMH announcing record profits for 2016 suggests the French family businesses are resuscitating the moribund $1.1 trillion global luxury market despite ongoing political and economic uncertainty.

August 17, 2012

The Oppenheimer family’s 80-plus years of involvement in diamond mining giant De Beers has now come to an end, following the completion of its share sale to Anglo American.

The Oppenheimer family’s 80-plus years of involvement in diamond mining giant De Beers has now come to an end, following the completion of its share sale to Anglo American.

A statement by Anglo said the South African family has sold its 40% stake in De Beers to the UK-based miner in a deal valued at $5.2 billion (€4.22 billion).

First announced in November last year, the move takes Anglo’s stake in De Beers to 85%, while the remaining shares are held by the government of Botswana.

November 4, 2011

The Oppenheimer family is relinquishing control of De Beers, as it has agreed to sell its 40% stake in the world’s largest diamond company to mining group Anglo American.

The Oppenheimer family is relinquishing control of De Beers, as it has agreed to sell its 40% stake in the world’s largest diamond company to mining group Anglo American.

The UK-based miner, which is listed in both London and Johannesburg, will pay $5.1 billion (€3.7 billion) to the Oppenheimer family to increase its stake in De Beers to between 75% to 85%, from 45% currently. The exact figure will depend on whether the government of Botswana exercises an option to increase its own 15% stake.

September 27, 2011

Anglo American, which is the majority owner of family-controlled diamond company De Beers, is “extremely happy” with its relationship with the Oppenheimer family, despite a report to the contrary.

Anglo American, which is the majority owner of family-controlled diamond company De Beers, is “extremely happy” with its relationship with the Oppenheimer family, despite a report to the contrary.

An article in British newspaper the Guardian said the mining company, which already owns 45% of Johannesburg-based De Beers, is being “urged” by its investors to acquire the Oppenheimer family’s 40% stake.

May 28, 2009

Although the global economic crisis is not a crisis of Africa’s making it does no good to bury our heads in the sand and assume we will not be affected. We must never forget that Africa is populated by lions that operate as a pride in comparison with the Asian tigers who tend to be individual animals.

Although the global economic crisis is not a crisis of Africa's making, it does no good to bury our heads in the sand and assume we will not be affected. We must never forget that Africa is populated by lions that operate as a pride in comparison with the Asian tigers who tend to be individual animals.

October 2, 2008

The family business model has been vindicated by the recent events of the credit crunch thanks to an historic aversion to being highly leveraged and a long-term vision. Campden FB presents a selection of family business winners from the recent turmoil.

The family business model has been vindicated by the recent events of the credit crunch thanks to an historic aversion to being highly leveraged and a long-term vision (and long term doesn't mean 3-5 years!). Below, Campden FB presents a selection of family business winners from the recent turmoil.

Banco Santander

June 1, 2003

The South African economy is growing despite difficult global conditions. Business owners are confident to own their own business, and optimism and expectations are high

Tony Balshaw is National Partner-in-Charge, PRIMA Family Controlled Companies consulting division, Grant Thornton South Africa.

The South African economy is growing despite difficult global conditions. Business owners are confident to own their own business, and optimism and expectations are high

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