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James Packer

Packer sells non-core assets to shore up family business holding

September 8, 2009

James Packer, the Australian media and casino owner, has resigned from the board of Challenger Financial Services Group following the sale of his 20% stake in the company on Friday

James Packer, the Australian media and casino owner, has resigned from the board of Challenger Financial Services Group following the sale of his 20% stake in the company on Friday.

Packer (pictured) raised AUD$400 million in the sale that is his third asset sale in a month. The move fuelled speculation he is building up funds in order to ward off any potential takeover bids for his family business Consolidated Media Holdings (CMH).

Packer family moves to strengthen control of the family business

July 15, 2009

James Packer, son of the late Kerry Packer, has increased his stake in Consolidated Media Holdings, part of family’s business empire, in an attempt to thwart a rival media owner.

James Packer (pictured), son of the late Kerry Packer, has increased his stake in Consolidated Media Holdings, part of the family's business empire, in an attempt to thwart a rival media owner. Kerry Stokes, chairman of Seven Network Ltd, more than tripled his shareholding from 5% to 18% in CMH last week. In response, Packer upped his stake from 39% to 41%.

Asia Pacific: Heirs without graces

March 1, 2008

Known for their pragmatism and bluntness, Australians inhabit a vast island nation where family enterprise is deeply influenced by a harsh natural environment and social history. Dennis Jaffe investigates the succession issues facing the Aussie family businesses

Dennis Jaffe is a founding partner of Relative Solutions.