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November 2, 2020

Due Jensen family heir named new chief executive of Grundfos, Lee Kun-hee leaves legacy of Samsung success but succession chaos, Warburtons shares pandemic dough with staff.

Due Jensen family heir named new chief executive of Grundfos

The Due Jensen family of Denmark has returned to helm their industrial giant Grundfos for the first time in almost two decades with the succession of next-generation heir Poul Due Jensen.

November 27, 2019

The Lego Group is building its connections with adult consumers by buying an online fan platform from the family office of a South Korean tech entrepreneur.

The Lego Group is building its connections with adult consumers by buying an online fan platform from the family office of a South Korean tech entrepreneur.

July 2, 2019

Lego buys back entertainment parks, Dassault Aviation signs French AI manifesto, Genoa bridge demolished.

Lego repurchase of Legoland Parks continues trend of de-listing
Lego’s parent company has bought back the entertainments company it sold to Merlin Entertainment in 2005 for £4.8bn with a consortium of private equity and institutional investors.

Lego’s parent company, Kirkbi, which is controlled by the third-generation of the Kirk Kristiansen family, already owned a 30% stake in Legoland Parks after selling 70% of the business for about £250 million in July 2005 to repay mounting debts.

March 1, 2019

The Danish family-owned toy giant Lego Group will build on its return to growth after a two-year slump by accelerating expansion in China, India and the Middle East.

The Danish family-owned toy giant Lego Group will build on its return to growth after a two-year slump by accelerating expansion in China, India and the Middle East.

February 21, 2019

Millennials in the board room are best placed to embrace the digital revolution at their legacy family businesses, a family business expert says.

Millennials in the board room are best placed to embrace the digital revolution at their legacy family businesses, a family business expert says.

The world’s far-reaching technological shift was a factor in the break-up of the 115-year-old Danish family-owned business Maersk, according to Professor Philippe Pelé-Clamour (pictured), HEC Paris adjunct professor specialised in executive education.

August 24, 2018

Grosvenor’s Wheatsheaf invests in Australian AgTech firm, Maersk makes pioneering Arctic voyage, and three family-backed investors take stake in Swedish food app Karma. 

Grosvenor’s Wheatsheaf takes £8m stake in AgTech firm

Britain’s wealthiest land-owning family has completed an £8 million ($10.3 million) transaction for a minority stake in AgriWebb, the Australian market leader in livestock farm management software.

March 6, 2018

Flat global sales and corporate streamlining are behind an 8% drop in revenue for 2017, the Danish family owned Lego Group announced today.

Flat global sales and corporate streamlining are behind an 8% drop in revenue for 2017, the Danish family owned Lego Group announced today.

Revenue for the full year fell after more than a decade of strong growth to DKK 35 billion ($5.8 billion) from DKK 37.9 billion ($6.3 billion) in 2016. The decline came despite a Lego movie and Star Wars merchandise tie-ins and the royal opening of the Lego House family attraction last year.

February 16, 2017

The McKinney Møller family intends to directly own – partly or as a majority shareholder – several Maersk-related entities following key strategic changes at the Danish transport-to-energy behemoth Maersk Group.

The McKinney Møller family intends to directly own – partly or as a majority shareholder – several Maersk-related entities directly following key strategic changes at the Danish transport-to-energy behemoth Maersk Group.

The announcement comes as the 113-year-old Danish company replaced its chairman of 14 years and posted its second heaviest loss in seven decades.

December 6, 2016

The Danish family owners of the $5 billion Lego Group have appointed the non-family executive who quadrupled revenue in less than 10 years to a new effort to develop the long-term potential of the brand.

The Danish family owners of the $5 billion Lego Group have appointed the non-family executive who quadrupled revenue in less than 10 years to a new effort to develop the long-term potential of the brand.

The Kirk Kristiansen family, owners of arguably the biggest toymaker in the world, announced today they have decided to establish the Lego Brand Group.

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