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November 2, 2020

Due Jensen family heir named new chief executive of Grundfos, Lee Kun-hee leaves legacy of Samsung success but succession chaos, Warburtons shares pandemic dough with staff.

Due Jensen family heir named new chief executive of Grundfos

The Due Jensen family of Denmark has returned to helm their industrial giant Grundfos for the first time in almost two decades with the succession of next-generation heir Poul Due Jensen.

January 24, 2020

Ferrero family’s $714 million Nestle sweet tooth, succession battle fears after Lotte Group founder’s death, and William Grant and Sons toast whisky sales growth and investments.

Ferrero family’s $714 million Nestle sweet tooth

The Ferrero family is poised to enjoy the cream off the top of its $2.8 billion cash buy-out of Nestle’s US confectionery business and its $1.8 billion deal for Kellogg Co’s cookies and fruit snack brands with a $714 million (€642 million) dividend.

August 19, 2019

The age of quantum computing has dawned and tech giants and start-ups are racing to make the next generation of supercomputers applicable to our daily lives. Alison Ebbage reports on what it means for family businesses and investors.

Quantum computing could turn the technology world on its head. By harnessing properties beyond the grasp of traditional Newtonian physics, the potential is to transform the way that computers look at data and the speed at which they can process and analyse it.

April 11, 2019

Sodexo acquires The Good Care Group; Cho Yang-ho, Korean Air chairman, dies age 70; and family businesses rank on Global RepTrak 100.

Sodexo acquires The Good Care Group

Sodexo, the French food services and facilities management conglomerate controlled by the Bellon family, has expanded its UK home care business by buying The Good Care Group (GCG)—a leading player in the UK live-in care market.

The GCG, founded in 2009, provides tailored live-in care services to customers who need physical help to live independently or have complex care needs.

December 20, 2018

Pernod Ricard has defended its “strong family values” against criticism from activist fund Elliott Management over shareholder returns and governance.

Pernod Ricard has defended its “strong family values” against criticism from activist fund Elliott Management over shareholder returns and governance.

The world's second-largest wine and spirits group has came under fire from US billionaire Paul Singer’s Elliott, which has built up a stake worth about €1 billion ($1.13 billion) equivalent to about a 2.5% stake in the company controlled by the third generation Ricard family

August 31, 2018

Dyson to build $260 electric car test site, South Korea’s regulators slap new rules on family-run chaebols, Power unit sale helps lift Reliance debt burden.

Dyson unveils $260 million test track for electric vehicles

A year after announcing it would join the electric car race, UK technology firm Dyson has revealed its plans to convert a former airfield in Southern England into a 17km test track and extensive electric vehicle (EV) testing centre.

Dyson, headed by the dynamic UK inventor Sir James Dyson (pictured), bought Hullavington Airfield, Wiltshire several years ago and plans to spend up to £200 million ($260 million) converting it into a EV testing centre.

August 16, 2018

Redstone locks in CBS ownership, Samsung ramps up R&D spend, and Indian heir arrested over fraud allegations

Redstone locks in CBS ownership

Billionaire Sumner Redstone will make it difficult for his heirs to sell off media giants CBS and Redstone following his death.

The Redstone family’s National Amusements media group holds 79.8% of Viacom’s voting stock (about 10% of the equity) and 79.5% of the voting stock and 2.4% of the Class B stock of CBS Corporation (9.1% of the equity).

June 1, 2018

The appointment in April of Alexandre de Rothschild to the supervisory board of Rothschild & Co is the latest in an international wave of young family business scions seizing greater controls at the heart of their large, global family firms.

The appointment in April of Alexandre de Rothschild to the supervisory board of Rothschild & Co is the latest in an international wave of young family business scions seizing greater controls at the heart of their large, global family firms.

Alexandre, 37, becomes the seventh generation of the family in charge of the bank in a long-planned succession that sees his father, David de Rothschild, 75, become supervisory board chairman.

February 8, 2018

Maersk charts blockchain future; Samsung heir’s release may boost economy; ads to help correct ‘misperceptions’ of Koch Industries

Maersk charts blockchain future

AP Moller—Maersk has entered into a joint venture with IBM and logistics company Agility, which aims to use blockchain technology to make the companies’ supply chains more efficient and secure.

Maersk, controlled by the eponymous family via AP Moller Holding A/S, wants to create a trade platform using distributed ledger technology, which establishes a shared, set-in-stone record of transactions. It also allows those within a particular network to access the data minutes after transactions take place.

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