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Kamprad family

A growing slice of the pie: Private equity and the family office

September 12, 2016

Private equity has a special pull for families used to running operating businesses. But with record levels of assets committed to private equity funds is it the best asset class to drive returns?

Private equity has a special pull for families used to running operating businesses. But with record levels of assets committed to private equity funds is it the best asset class to drive returns?

The plotline is one that has been played out countless times before. A family has made its wealth in an operating business, has exited and is now running a family office. Do they sit back and take a diversified approach to their wealth or eventually get itchy feet and pour their assets back into the sector they know best?

Family Business Roundup: Heineken, Ikea, and Cargill

September 11, 2015

Heineken buys 50% of Californian craft brewer; Ikea sales rise 11% to record €32 billion; and Cargill CEO David MacLennan to become chairman

Heineken buys 50% of Californian craft brewer

Dutch family brewer Heineken, owned by the eponymous family, has announced plans to purchase a 50% stake in Californian craft brewer Lagunitas.

According to a company statement, the deal will provide Heineken with a foothold in the booming craft beer market and Lagunitas with a boost to its global customer base. Financial terms of the deal were not disclosed.

Family Business Roundup: Lotte Group, LVMH, and IKEA

July 31, 2015

Lotte Group ousts 92-year-old founder; LVMH posts second-quarter revenue rise of 23%; and Sweden’s Ikea buys forest in Romania

Lotte Group ousts 92-year-old founder

The board of directors at South Korean-Japanese conglomerate Lotte Group voted this week to remove general chairman and founder Shin Kyuk-ho from his post, Japanese media reported.

The move is seen as part of a power struggle between the founder’s two sons, Dong-joo and Dong-bin, who own comparable stakes in the company, and are vying for control of the 90 trillion won ($77 billion) business.

Ikea Foundation aims to raise awareness of gender-based abuse

October 10, 2014

The Ikea Foundation, connected to the eponymous family-controlled furniture empire, is to fund a documentary series aimed at drawing attention to discrimination and abuse against women.

The Ikea Foundation, connected to the eponymous family-controlled furniture empire, is to fund a documentary series aimed at drawing attention to discrimination and abuse against women.

The foundation will be funding A Path Appears, produced by the Half a Sky Movement – the second time it has donated to a documentary produced by the women’s rights organisation. It will donate €1.12 million to its development.