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December 6, 2020

Second UK lockdown cost Weston family’s Primark $579 million in sales, Red Bull energises Yoovidhya family of inventor with $257 million payout, Lord Bamford gives JCB staff an extra holiday to mark 75th anniversary.

Second lockdown costs Weston family’s Primark $579 million in sales

The Weston family-controlled food and retail giant Associated British Foods estimates it lost £430 million ($579 million) in sales while its high street fashion retailer Primark was closed during the latest coronavirus lockdown.

November 2, 2018

Tycoon’s sudden death brings succession into the spotlight, billionaire family behind Tetra Pak revealed as IFF shareholder, IFC releases draft impact investing guidelines.

Tycoon’s sudden death brings succession into the spotlight

The sudden death of self-made billionaire Vichai Srivaddhanaprabha has left a vacuum at the top of his family-run business empire and placed a spotlight on his heirs.

Vichai, founder and chairman of duty-free giant King Power International Group, died in a helicopter crash after watching his football team Leicester City play West Ham in the English Premier League on Saturday.

October 11, 2018

Illy signs licensing agreement with JAB Holdings, Thailand’s Minor International buys up NH Hotels, and Filipino fast food chain Jollibee continues international expansion

Coffee competition heats up as Illy strikes deal with JAB
Award-winning Italian coffee company Illy has signed a licensing agreement with fellow family-controlled investor JAB Holdings to produce its illy-branded aluminium capsules.

October 19, 2017

Asia-Pacific family offices continue to prefer a hands-on role in managing illiquid investments, allocating almost a third of their portfolios to direct investment in real estate and venture capital/private equity, led by Australia.

Asia-Pacific family offices continue to prefer a hands-on role in managing illiquid investments, allocating almost a third of their portfolios to direct investment in real estate and venture capital/private equity, led by Australia.

October 17, 2013

The second-generation head of an automotive company, and one of Thailand's most successful businesswomen, has died from heart failure at the age of 67.

The second-generation head of an automotive company, and one of Thailand's most successful businesswomen, has died from heart failure at the age of 67.

Khunying Phornthip Narongdej started working in her father's company, Siam Motors, as a secretarial assistant at the age of 17, rising through the ranks to become president and chief executive.

Siam Motors was the main Thai distributor of many Japanese heavy machinery and automobile brands, including Nissan and Datsun, when Phornthip took the reins.

June 18, 2010

The man who runs the family office of one of Thailand’s leading families talks about strategic investment, secrecy and succession, writes Marc Smith.

The man who runs the family office of one of Thailand's leading families talks about strategic investment, secrecy and succession, writes Marc Smith.

March 1, 2010

Thailand’s former prime minister, Thaksin Shinawatra, had more than half of his assets seized by the supreme court on Friday after nine justices agreed he had deliberately hidden his wealth and concealed his shareholdings in the family business.

Thailand's former prime minister, Thaksin Shinawatra (pictured), had more than half of his assets seized by the supreme court on Friday after nine justices agreed he had deliberately hidden his wealth and concealed his shareholdings in the family business.
 

November 1, 2002

Five years after the meltdown of the Thai economy and the beginning of the Asian crisis, family businesses are clearly in transition

Clayton Hebbard is Managing Partner of Grant Thornton in Thailand and specialises in family business consulting.

Five years after the meltdown of the Thai economy and the beginning of the Asian crisis, family businesses are clearly in transition

Thailand means "land of the free" and throughout its 800-year history, Thailand can boast the distinction of being the only country in South East Asia never to be colonised. Arguably, this is due to the pragmatic policies of its leaders, as well as its geographical location between British and French colonies.

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