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Gina Rinehart

February 13, 2021

Arnault family’s L Catterton in rumoured Birkenstock takeover bid, Mining magnate Gina Rinehart backs lithium venture, Rocketing e-commerce powers L’Oreal recovery.

Arnault family’s L Catterton in rumoured Birkenstock takeover bid

Birkenstock, the sixth-generation family-owned business and the German footwear industry’s largest employer, could be the next $4.8 billion acquisition by the Arnault family’s private equity firm.

May 8, 2019

Succession transition sets up Ricola for the future, Gina Rinehart’s family feud to stay private, and billionaire Zhao family embroiled in US college admissions scandal.

Succession transition sets up Ricola for the future

The principal of Swiss herbal product manufacturer Ricola has relinquished daily duties to a non-family director while his son steps up onto the board of directors.

Felix Richterich, 60, remained as chairman with a focus on strategy from 1 May after seven years as both chairman and chief executive. The grandson of founder Emil Richterich managed the Laufen-based company for 27 years.

August 11, 2017

Billionaire faces down tiny fly; Family offices looking to brands, Spanish assets; and Costco founder Jeff Brotman dies suddenly

Billionaire faces down tiny fly

Australia’s richest woman is having her ambitions to export cattle to China foiled by a tiny fly.

Mining billionaire Gina Reinhart wants to ship 300,000 live cattle to China each year, to feed the country’s burgeoning middle class.

October 28, 2016

Hero MotoCorp posts “best ever” quarterly sales; Gina Rinehart spends $400 million on fertiliser investment; and Kering shares hit 15-year high on Gucci success

Hero MotoCorp posts “best ever” quarterly sales

Indian motorcycle manufacturer Hero MotoCorp, owned by the Munjal family, reported a 28% increase in net profit this week in what has been called its best-ever quarterly sales.

Pawan Munjal, chairman, managing director and chief executive of Hero MotoCorp, said the record-breaking sales were a reiteration of the “overwhelming” customer preference for the company's products.

July 17, 2015

Gina Rinehart says some of her children do not appreciate her efforts that saved her father's company and built the value of a $5 billion family trust at the centre of their bitter dispute.

Gina Rinehart says some of her children do not appreciate her efforts that saved her father's company and built the value of a $5 billion family trust at the centre of their bitter dispute.

May 28, 2015

Australia’s wealthiest woman, Gina Rinehart, has been order by the supreme court to pass control of the family trust to her daughter, ending a four-year feud with two of her children, and loosening her grip on the family firm.

Australia’s wealthiest woman, Gina Rinehart, has been order by the supreme court to pass control of the family trust to her daughter, ending a four-year feud with two of her children, and loosening her grip on the family firm.

The second-gen to a iron ore mining empire, Hancock Prospecting, Rinehart changed the vesting date of the multi-billion dollar Hope Margaret Hancock Trust in 2011 to 2068, just days before it was due to pay out.

March 18, 2015

From packaging to mining, to shopping mall empires and travel – CampdenFB takes a look at some of Australia's most impressive family businesses.

From packaging to mining, to shopping mall empires and travel – CampdenFB takes a look at some of Australia's most impressive family businesses.

February 13, 2015

Gina Rinehart sells Fairfax stake, cites ‘bad decisions’; Grupo Mexico plans to sell stake in its railway business; and Hyundai’s Chung family raises $1.1 billion in stake sale

Gina Rinehart sells Fairfax stake, cites ‘bad decisions’

Australian mining second-gen Gina Rinehart has sold her stake in newspaper publisher Fairfax Media for A$306 million (€208 million), according to a press release.

Rinehart, who is the richest person in Australia, sold her 14.99% stake for 86.75 Australian cents per share. She said bad business decisions at Fairfax inspired her to sell.

May 12, 2014

Australian family businesses have enjoyed local and
international success, but closer to home they are
facing a succession squeeze and a government that
is slow to show its support.

Australian family firms have certainly produced some larger-than-life businesspeople. Gina Rinehart, the wealthiest person in Australia, owes her fortune to Hancock Prospecting – the mining company founded by her father. She is consistently in the national, and often international, headlines for her anti-environmental business agenda and support for lower wages. This is in addition to her on-going, and very public, feud with her children over the governance of the family trust that manages the family’s wealth.

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