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Chiu Wu Hong: “There's a lot of confidence about the growth opportunities in Asia Pacific”

November 14, 2022

KPMG’s private enterprise leader in Singapore, Chiu Wu Hong, talks about why the city-state’s status is on the rise, an increased focus on ESG and impact investment and some very attractive tax incentives.

With more than 20 years’ experience advising on the benefits of Singapore’s regional tax incentives and compliance, cross-border transactions, mergers and acquisitions and consulting and planning for local and multinational companies, there can be few better positioned to lead KPMG’s private enterprise team in the city-state than Chiu Wu Hong.

FB Roundup: illycaffe, Melia Hotels International, ArcelorMittal

February 28, 2021

Illycaffe brews non-family investment for US push, Melia Hotels ready for travel trade recovery after Covid-19 losses, Covid-19 rebound ‘the right moment’ for ArcelorMittal succession.

Illycaffe brews non-family investment for US push

The Illy family has sold a stake in its $629 million Italian premium coffee company Illycaffe for the first time in its 88-year history and says it is open to floating the family business on the stock market.

FB Roundup: Wanda Group, Danone, and Hobby Lobby

July 12, 2017

Billionaire Wang Jianlin to sell hotels and tourism properties; Danone sheds US dairy business to competitor; and Hobby Lobby fined for smuggling Iraqi artefacts

Billionaire Wang Jianlin to sell hotels, tourism properties

China’s second wealthiest man will sell some of his multi-billion dollar property portfolio to a competitor, as a means of paying down debt.

Wanda Group, led by billionaire Wang Jianlin, will sell 76 hotels and a 91% share in 13 tourism properties to Sunac Holdings for ¥63.17 billion ($9.29 billion).

Infographic: Five-star families

June 5, 2014

Some of the biggest brands in the global hotel trade are family businesses, founded by dynasties that have mastered the art of giving a warm welcome. Here’s a handful of some of the best-known chains from across the world.

Sol Kerzner gives up family empire eight years after death of heir apparent

April 14, 2014

South African hotelier Sol Kerzner, 78, has announced his retirement from the hotel industry and the sale of a stake in his eponymous company, eight years after the death of his son and heir apparent.

South African hotelier Sol Kerzner, 78, has announced his retirement from the hotel industry and the sale of a stake in his eponymous company, eight years after the death of his son and heir apparent.

Last week the Investment Corporation of Dubai (ICD), an arm of the United Arab Emirates government, confirmed it had bought a “significant” equity interest in the hotel group, which includes the Atlantis resort in the Bahamas and the One&Only resort chain.

Egyptian hotel magnate checks into Switzerland

March 25, 2008

A member of Egypt’s wealthiest family is to move his hotel empire from Cairo to Altdorf, Switzerland in a move designed to increase the firm’s growth.

A member of Egypt’s wealthiest family is to move his hotel empire from Cairo to Altdorf, Switzerland in a move designed to increase the firm’s growth. Chairman Samih Sawiris said he plans to relocate Orascom Hotels and Development and list its shares on the Swiss stock exchange.

A new holding company, Orascom Development Holding, will launch a public share exchange offer of one new share for each 10 existing shares as of 30 March. The group said it has already received irrevocable undertakings of acceptance of the swap of around 76%, including from the Sawiris family.

A vacation with va-va-voom

September 1, 2004

Holiday at the apex of style: visit the new breed of luxury brand resorts in some of the world’s stunning locations. Melanie Stern reports

Melanie Stern is section editor of Families in Business magazine.

Holiday at the apex of style: visit the new breed of luxury brand resorts in some of the world's stunning locations. Melanie Stern reports

There's probably one brick in the walls of the Chrysler Building for every Louis Vuitton bag or Versace dress snapped up year in, year out; brand recognition for the luxury goods industry is positively booming.