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James Packer

May 17, 2021

Mexican billionaire Alberto Bailleres transfers empire to son, Peter Harf succeeded by young deal-maker at Reimann family’s JAB Holding, James Packer’s Crown Resorts leans towards Star merger and away from Blackstone takeover.

Mexican billionaire Alberto Bailleres transfers empire to son

Alberto Bailleres, the fourth wealthiest person in Mexico, has made way for his son as the principal of his business conglomerate Grupo Bal after more than five decades.

Businessman Bailleres (pictured), 89, stepped down as president from the group and its diversified companies with immediate effect during a board meeting in late April. He and his family are worth $9.6 billion, according to Forbes.

April 19, 2021

Walton, Adani and Ambani families vie for Indian e-consumers, James Packer’s Crown casino courted by second US private equity firm, ‘Visionary’ retail magnate W Galen Weston dies aged 80.

Walton, Adani and Ambani families vie for Indian e-consumers

The Walton family-controlled e-commerce platform Flipkart and Gautam Adani, principal of India’s second wealthiest family, are taking on the Ambani family’s Reliance Industries and Amazon by building a huge new fulfilment centre in Mumbai.

March 27, 2021

James Packer’s Crown Resorts considers $6.2 billion Blackstone bid, Next-gen hotel heir David Marriott to succeed father Bill Marriott, Grosvenor Estate appoints new family office head in management revamp.

James Packer’s Crown Resorts considers $6.2 billion Blackstone bid

Crown Resorts, Australia’s largest casino operator and majority owned by billionaire heir James Packer, is mulling an acquisition offer of $6.2 billion from US private equity giant Blackstone.

June 6, 2019

Bollinger family buys into UK wine merchant, Springer family and KKR consider bid to take Axel Springer private, and James Packer sells half his stake in Crown to Hong Kong's Melco.

Bollinger family buys into UK wine merchant

One of France’s most established winemaking families has bought a minority stake in a UK-based fine wine merchant backed by City tycoon Michael Spencer.

Société Jacques Bollinger (SJB), the family-owned holding company behind Bollinger and Ayala Champagnes, is understood to have acquired a minority stake of up to 10% in BI Wines and Spirits.

March 28, 2018

Brewing giant pledges carbon reduction and renewable energy; James Packer’s ‘brave’ mental health resignation; and L’Oreal buys AR app

Brewing giant pledges carbon reduction, renewable energy

The world’s biggest brewer, AB InBev, says it will use only renewable energy and recyclable packaging by 2025, as part of an ambitious sustainability plan laid out by the company.

June 17, 2016

Australian casino firm Crown Resorts plans to spin-off its international investments, including its underperforming AUD$2.7 billion ($2 billion) interests in the Chinese gaming capital Macau, into a separate listed company.

Australian casino firm Crown Resorts plans to spin-off its international investments, including its underperforming AUD$2.7 billion ($2 billion) interests in the Chinese gaming capital Macau, into a separate listed company.

Former chairman James Packer, son of the late media mogul Kerry Packer, remains the majority controller of Crown Resorts with a 53% stake.

August 14, 2015

James Packer steps down as chairman of Crown Resorts; Chey Tae Won receives pardon from president; and Cargill to expand agriculture business in Mexico

James Packer steps down as chairman of Crown Resorts

Australian billionaire James Packer has stepped down as chairman of Crown Resorts amid an earnings slump at the casino group.

According to a statement, the 47-year-old will instead take on the role of senior executive director and plans to focus on the group’s global expansion.

July 24, 2014

The daughter of the late Australian media mogul Kerry Packer has said her parents were the inspiration behind an AU$200 million charitable fund, launched by the family this week.

The daughter of the late Australian media mogul Kerry Packer has said her parents were the inspiration behind an AU$200 million (€140 million) charitable fund, launched by the family this week.

Gretel Packer, head of the family’s foundation, announced the National Philanthropic Fund will distribute $20 million yearly for the next decade.

The charitable fund will distribute half its money to indigenous education and community welfare, with the remainder going towards the arts.

May 1, 2014

James Packer's expansion plans for his resorts business in Sri Lanka have suffered a setback, with the government refusing to grant a casino license for a planned $400-million (€288.3 million) development in Colombo.

James Packer's expansion plans for his resorts business in Sri Lanka have suffered a setback, with the government refusing to grant a casino license for a planned $400-million (€288.3 million) development in Colombo.

Since 2007, the billionaire – a third gen of the Australian media dynasty behind Consolidated Press Holdings – has been moving away from his family's traditional interests to focus on developing his casinos and resorts company, Crown Limited.

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