Douglas

Family business roundup: Stormy results for Loews and ArcelorMittal; better at News Corp and Douglas

February 11, 2013

Bad weather and austerity have taken their toll on Loews and ArcelorMittal, with the family businesses reporting losses in the last quarter. But family-controlled News Corp and Douglas Holdings have fared better.

Loews Corp
Loews, the US conglomerate controlled by Tisch family, reported a multi-million loss in its fourth quarter on 11 February, linked to catastrophe losses at CNA Financial, its insurance division, due to Hurricane Sandy.

Family business roundup: Changes at Douglas, Bertelsmann and PPR

October 16, 2012

The long-running sales saga at German retailer Douglas finally appears to be coming to an end, with Advent International teaming with the Kreke family to buy out shareholders. Meanwhile two other family-controlled businesses are weighing up their shareholdings in subsidiaries.

American buyout firm Advent offered €1.5 billion to buy Douglas Holding after almost a year of talks and months of speculation. The bid was worth about €38 a share.