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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.

Should you sell your family business to your family?

September 8, 2020

You’ve worked hard to build the family business from scratch, or perhaps you are the latest of several generations running the business. Either way, you must plan for the day you step down well before you intend to.

Why? Because when a business passes from one generation to another, there is much more than money at stake.

FB Roundup: Walmart, Barbour, Grosvenor

April 22, 2020

Walton family’s Walmart hires 200,000 furloughed staff and pauses Asda sale, Barbour family switches production from clothing to personal protection equipment, Grosvenor Estate targets help at vulnerable businesses and families.

Walton family’s Walmart hires 200,000 furloughed staff and pauses Asda sale

Walmart, the world’s biggest family business, reached its goal of hiring 150,000 new employees by the end of May in less than a month and has pledged to hire an extra 50,000 staff as part of the US retailer’s response to the coronavirus crisis.

FB Roundup: Lego, Haidilao and Lupa Systems

March 9, 2020

Founder’s great-grandson takes chair as Lego builds in China, billionaire “hotpot queen” chooses Singapore for her new family office and next-gen James Murdoch joins the fight against fake news.

Founder’s great-grandson takes chair as Lego builds in China

Thomas Kirk Kristiansen (pictured), a fourth generation member of Lego’s founding family, has taken over the role of chairman as the Danish toy giant announces record sales.

FB Roundup: James Murdoch, Musgrave Group and Henkel

January 16, 2020

Next gen James Murdoch’s burning rift with father’s media empire, revamped Musgrave Group snaps up drinks distributor and the World Economic Forum hails Henkel as frontrunner in the fourth industrial revolution.

Next gen James Murdoch’s burning rift with father’s media empire

James Murdoch, heir of Rupert Murdoch, has publicly criticised his family’s media empire for climate change denial as lethal bushfires blaze in Australia.

Morgan Motor Company accelerates car development by selling to Italian investor

March 14, 2019

The family behind Britain’s last domestically-owned carmaker says it sold its majority stake to an Italian family private equity firm to secure the future of its 110-year-old business.

The family behind Britain’s last domestically-owned carmaker says it sold its majority stake to an Italian family private equity firm to secure the future of its 110-year-old business.

Sports car manufacturer Morgan Motoring Company will be acquired by Italian investment group Investindustrial next month on undisclosed terms. The investment was made without financial debt and Morgan will have a positive net cash position upon closing of the transaction in April.

Washington Post leaves family-ownership

August 6, 2013

Family media dynasty the Grahams have sold The Washington Post, one of the most respected news organisations in the US, after eight decades of family ownership.

It has been bought, along with a number of weekly newspapers, for $250 million (€188.6 million) by Jeff Bezos, the founder and chief executive of online retailer Amazon.

Fung brothers buy French family business Sonia Rykiel

February 21, 2012

Fung Brands, the investment arm of Hong Kong’s billionaire brothers Victor and William Fung, has acquired a majority stake in France’s family-controlled fashion house Sonia Rykiel.

In a statement released on 20 February, Fung Brands said it has bought 80% of the Paris-based luxury business, famous for its colourful knitwear and poor boy sweaters.

Family business roundup: Pininfarina remains family-controlled while De Tomaso is sold

February 16, 2012

Italy’s economic woes are affecting the country’s family business sector, with two family-controlled auto companies struggling with financial problems. But while car designer Pininfarina will remain family-controlled, automaker De Tomaso has been sold.

Pininfarina, which designed some of the world’s most famous cars including the Ferrari Testarossa and Maserati GranTurismo, has reached a debt restructuring deal with its creditors and will remain under the control of the Pininfarina family.

Bulgari family sells a third of its LVMH shares

February 8, 2012

The Bulgari family has sold almost 4.5 million shares in French luxury goods group LVMH less than a year after it became the conglomerate's second biggest family shareholder.

Brothers Paolo and Nicola Bulgari, the grandsons of Sotirio Bulgari, who founded the eponymous Italian jeweller, and their nephew Francesco Trapani together sold about a third of the family's LVMH stake, which it acquired after a share swap with the Paris-based group last year.