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November 27, 2020

Billionaire Ray Dalio to set up family office in Singapore, Gregg Lemkau quits Goldman Sachs to advise Michael Dell's investments, next-generation chairman Koo Kwang-mo shakes up LG Corporation.

Billionaire Ray Dalio to set up family office in Singapore

Ray Dalio, founder of the world’s largest hedge fund, is the latest billionaire to open a family office in Singapore.

Dalio, 71, the US investor who founded Bridgewater Associates in his New York apartment in 1975, felt it was “high time” to build on his links to Singapore and Asia-Pacific, his spokesman said.

October 16, 2020

Next-gen Euisun Chung takes the wheel of Hyundai after 20 years, apparel brand Uniqlo predicts recovery to pre-pandemic profits within a year, ‘Pasta king’ Guido Barilla says next five years critical to fix global food systems.

Next-gen Euisun Chung takes the wheel of Hyundai after 20 years

South Korean billionaire Euisun Chung has succeeded his father Mong-Koo Chung as chairman of Hyundai Motor Group to drive the world's fifth largest automaker into a future of autonomous driving, renewable fuels and flying cars.

January 24, 2020

Ferrero family’s $714 million Nestle sweet tooth, succession battle fears after Lotte Group founder’s death, and William Grant and Sons toast whisky sales growth and investments.

Ferrero family’s $714 million Nestle sweet tooth

The Ferrero family is poised to enjoy the cream off the top of its $2.8 billion cash buy-out of Nestle’s US confectionery business and its $1.8 billion deal for Kellogg Co’s cookies and fruit snack brands with a $714 million (€642 million) dividend.

January 23, 2019

How will family businesses fare in 2019? What will be the major trends to shape their experience or to watch out for? We’ve put our thinking caps on to forecast five key family business trends in 2019. 

The start of 2019 signals the start of prediction season. This year there’s plenty of grand forecasts about geopolitical and macroeconomic changes from trade wars to a cooling Chinese, US, and global economy in a year of transformation and disruption.

January 4, 2019

Blake Nordstrom, co-president of Nordstrom, dies aged 58, Hyundai heir Euisun Chung takes over from father, Caledonia Investments takes minority stake in Stonehage Fleming.

Blake Nordstrom, co-president of family-owned Nordstrom, dies aged 58

Blake Nordstrom (pictured), who was the head of the eponymous fourth generation US retailing dynasty, has died unexpectedly just three weeks after announcing that he had been diagnosed with lymphoma.

At the time, he described his condition as “treatable” and said he planned to “continue work throughout this process as normal” at his family’s Seattle-based company.

December 20, 2018

Pernod Ricard has defended its “strong family values” against criticism from activist fund Elliott Management over shareholder returns and governance.

Pernod Ricard has defended its “strong family values” against criticism from activist fund Elliott Management over shareholder returns and governance.

The world's second-largest wine and spirits group has came under fire from US billionaire Paul Singer’s Elliott, which has built up a stake worth about €1 billion ($1.13 billion) equivalent to about a 2.5% stake in the company controlled by the third generation Ricard family

September 25, 2015

Schaeffler prepares for initial public offering; Hyundai Motor’s heir apparent lays groundwork for succession; and Lindt’s teddy bear beats Haribo’s gummy in court battle

Schaeffer prepares for initial public offering

German industrial group Schaeffler, owned and controlled by Maria-Elisabeth Schaeffler-Thumann and her son Georg, has revealed plans to place 166 million new and existing ‘non-voting’ common shares with institutional investors.

April 10, 2015

Hyundai Motor vows to improve corporate governance; Bollore boosts stake in Vivendi; and James Dyson to acquire son’s lighting company

Hyundai Motor vows to improve corporate governance

South Korea’s largest automaker Hyundai Motor Co will consider a shareholder request to improve corporate governance, according to co-chief executive Kim Choong Ho.

The proposal comes shortly after Hyundai paid more than $10 billion for a piece of real estate in Seoul’s affluent Gangnam district, which caused share prices to drop and rekindled the debate around opaque decision making.

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.

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