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FB Roundup: Teddy Sagi, Bill Gates, Strive Masiyiwa

July 19, 2022

In this week’s FB Roundup, Teddy Sagi launches a £1.5 billion sale of London’s Camden Market; Bill Gates vows to drop off the world's richest list; and Zimbabwe’s richest man Strive Masiyiwa is raising $500 million for his digital business expansion.

Teddy Sagi launches £1.5 billion sale of London’s Camden Market
Israeli billionaire Teddy Sagi has initiated a discreet sale of London’s Camden Market, hoping to gather bids of more than £1.5 billion for the area famed for its stalls, bars and eateries.

According to The Financial Times, Sagi has appointed financial adviser Rothschild & Co to deal with the sale.

FB Roundup: Simon Arora, Elon Musk, Nandan Nilekani

April 26, 2022

In this week’s FB Roundup, B&M boss Simon Arora announces his retirement; Elon Musk reaches a deal to buy Twitter for $44 billion; and Nandan Nilekani builds a tech platform to take on Amazon in India.

B&M discount chain boss Simon Arora set to retire

Simon Arora, the billionaire co-owner of UK discount chain B&M has announced his retirement after acquiring the then-failing business from Phildrew Investments in 2004.

FB Roundup: AP Moller Holding, Selfridges, The Giving Pledge

December 13, 2021

Maersk family expands into healthcare with Unilabs deal, Weston family sells Selfridges to Chirathivat family, Lonely billionaire Bill Gates shares The Giving Pledge with ex-wife Melinda.

Maersk family expands into healthcare with Unilabs deal

The family holding company best known for controlling the Danish shipping giant Maersk is making good on its plans to tackle global challenges head on by acquiring a Covid-19 test maker and diagnostics company.

Life after family business exit: Where will the road lead next?

November 24, 2021

For many, it’s the culmination of a lifetimes work. You’ve sold your business, the deal has completed and a large amount of cash has landed. Where do you go next?

For many, it’s the culmination of a lifetimes work. You’ve sold your business, the deal has completed and a large amount of cash has landed. Where do you go next?

FB Roundup: Porsche, Inditex, Selfridges

July 30, 2021

Porsche family joins billionaire space race with rocket investment, Amancio Ortega’s Inditex fortunes fall and rise with Covid-19 restrictions, Weston family puts Selfridges on the auction block for $5.5 billion.

Porsche family joins billionaire space race with rocket investment

The Porsche family is backing the European rocket launch startup Isar Aerospace Technologies with an eye on the spin-off innovations from easier access to space.

Post-lockdown investment: Why the regions are rich with office opportunity

April 27, 2021

The whole ‘death of the office’ shtick has been subject to many articles over the last six months, but this is not one of them. It is, however, about how offices remain an investable asset, how the perception of offices is changing and why family offices should be looking to acquire them sooner rather than later.

Currently, there is a unique window of opportunity, particularly in the regions, as a large chunk of the institutional and fund investor population is currently sitting on the side-lines.

The decision to sell or not to sell the family business: Do emotions matter?

April 14, 2021

Anheuser-Busch, Champagne Taittinger, Malt-O-Meal and The Wall Street Journal are some illustrative examples of the behaviour of family owners relinquishing the control of the business, not without expressing regret after the sale.

In family businesses, the underlying processes of the divestment decision-making are not only driven by financial logics, but also by emotional logics. How do they play out across family business archetypes and what families can do to make the right decision of selling or not selling the business with limited regret?

FB Roundup: Olivier Dassault, Exor, Hancock Agriculture

March 12, 2021

French heir and MP Olivier Dassault dies in helicopter crash, ‘Shared family values’ as Agnelli family buys foothold in Christian Louboutin, Gina Rinehart’s Hancock Agriculture goes to market with beef portfolio.

French heir and MP Olivier Dassault dies in helicopter crash

The sudden death of Olivier Dassault, billionaire heir to the French aerospace and software family business and politician, is “a great loss”, President Emmanuel Macron said in tribute.

FB Roundup: Birkenstock, Tata Group, Las Vegas Sands

March 8, 2021

End of a 247-year era as Birkenstock sells control to Bernard Arnault, Tata Group finalising e-commerce BigBasket deal, Sheldon Adelson’s Las Vegas Sands exits The Strip for Asia.

End of a 247-year era as Birkenstock sells control to Bernard Arnault

Germany’s sixth-generation Birkenstock family will sell a majority stake in its historic footwear business to the family interests of Bernard Arnault, principal of French luxury goods empire LVMH.

Should you sell the ancestral family estate?

November 19, 2020

Why would a family who at one time owned up to 50,000 acres sell a house that has been in the family for 40 generations? This is what Will Garton-Jones, owner of the Llanfendigaid Estate in Wales has chosen to do, but it is not a decision that he will have taken lightly.