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FB Roundup: Gautam Adani, Marian Ilitch, Amancio Ortega

November 30, 2022

In this week’s FB Roundup, Gautam Adani wins a bid to develop a Mumbai slum; the Ilitch family expand their pizza chain to the UK; and Amancio Ortega expresses interest in buying Manchester United.

Gautam Adani wins bid to develop Mumbai slum
Just days after finalising the takeover of news broadcaster New Delhi Television Ltd (a deal he considers a “Responsibility rather than a business opportunity”), Indian billionaire Gautam Adani has further added to his responsible investment portfolio after winning the right to redevelop India’s largest slum.

Inflation protection—What’s the right recipe?

April 28, 2021

Inflation is in the news again. Many prices are rising even before we can physically get out and spend, and governments are pouring vast amounts into the economy.

Inflation is in the news again. Many prices are rising even before we can physically get out and spend, and governments are pouring vast amounts into the economy.

Whichever side of the inflation debate you are on, it makes sense to assess the impact inflation could have on portfolios. Most of today’s investors have never seen meaningful inflation in the whole of their professional careers. So, as we emerge from lockdowns and pent-up demand meets ongoing supply constraints, we consider how different asset classes might fare if inflation does return.

FB Roundup: Tattarang, Ferragamo, LVMH

October 23, 2020

Forrest mining family office Tattarang diversifies into apparel brand RM Williams, Ferragamo family denies minority stake sale claim, Louis Vuitton and Christian Dior power LVMH rebound.

Forrest mining family diversifies into apparel brand RM Williams

Andrew Forrest, the Australian mining magnate and family office principal, says he is “incredibly proud and humbled” to return a former family business to Australian ownership in a $135 million acquisition indirectly from the French family-owned luxury giant LVMH.

Family Business Roundup: Hutchison Whampoa and Samsung

January 16, 2015

Li Ka-shing restructures business empire, shares soar; Samsung crushes rumours of $7.5 billion Blackberry bid

Li Ka-shing restructures business empire, shares soar

Share prices at Hong Kong-based conglomerate Hutchinson Whampoa and property giant Cheung Kong Holdings rose dramatically on Monday following reports of a multi-billion dollar corporate restructure by owner Li Ka-Shing.

As a result, Cheung Kong's shares were up in Hong Kong as much as 14% in afternoon trading on Monday, while Hutchison Whampoa's shares surged more than 12%.

Thomson family tightens control over family business through new promotion

December 2, 2011

The family behind Thomson Reuters, the financial news and information provider, looks to be tightening control of the business by appointing a Thomson group veteran as its chief executive.

Non-family Jim Smith, currently chief operating officer, will replace Tom Glocer as chief executive on 1 January, the group said in a statement.

Thomson-Reuters merger is bad news for rivals

July 1, 2007

This summer has proven to be an exciting time with the creation of a major media
powerhouse. The $17 billion merger between family-owned Thomson Financial and Reuters is set to shake up the financial news sector, as Shahnaz Mahmud explains …

Shahnaz Mahmud is a freelance journalist based in the US.

This summer has proven to be an exciting time with the creation of a major media powerhouse. The $17 billion merger between family-owned Thomson Financial and Reuters is set to shake up the financial news sector, as Shahnaz Mahmud explains …

Blood is thicker than water – and good for the economy

January 1, 2004

I’ve been planning my retirement for some 15 years. I keep a sharp eye on my pension schemes and investments, and quietly rejoice that I never sunk my hard-earned cash into IT companies – firms that rode a tsunami of venture capital in the late 1990s only to come crashing down as the dot-com boom soured.

I've been planning my retirement for some 15 years. I keep a sharp eye on my pension schemes and investments, and quietly rejoice that I never sunk my hard-earned cash into IT companies – firms that rode a tsunami of venture capital in the late 1990s only to come crashing down as the dot-com boom soured. I've stuck to diamond mines, mutual funds and property, after all, there's nothing wrong with hedging your bets.