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Todd corporation

FB Roundup: JAB Holdings, Volkswagen, and Todd Corporation

July 29, 2016

JAB Holdings completes $1.3 billion acquisition of Krispy Kreme; Volkswagen stock price crashes after Q2 results; and Todd Corporation given nod to sell gold mine stake

JAB Holdings completes $1.3 billion acquisition of Krispy Kreme

JAB Holding, the investment vehicle of the Reimann family, has completed its $1.3 billion acquisition of US-based doughnut and coffee company Krispy Kreme.

In a two-paragraph statement, the two companies confirmed the completion of the sale this week, and added that Krispy Kreme will become a privately held company.

Family Business Roundup: Heineken, Todd Corporation, and Maersk

March 18, 2016

Heineken eyes control of indebted Indian tycoon’s brewery; Todd Corporation renews acquisition attempt of Flinders Mines; and Maersk claims first drone delivery at sea

Heineken eyes control of indebted Indian tycoon’s brewery

Netherlands-based brewery Heineken is likely to ask Vijay Mallya, known as ‘India’s Richard Branson’, to step down from the board of United Breweries, according to Reuters.

Heineken currently holds a 42.4% stake in United Breweries, the largest brewer in India, and has reportedly lost faith in the entrepreneur, who owes creditor banks more than $1 billion.

John Todd, patriarch of top New Zealand family business, dies, aged 88

August 5, 2015

Third-generation New Zealand businessman John Todd has been farewelled in Wellington this week.

Third-generation New Zealand businessman John Todd has been farewelled in Wellington this week.

The former chairman of Todd Corporation died last Wednesday, aged 88, following a short illness.

Todd Corporation, New Zealand’s largest family business, dates back to 1884 and has interests in energy, property development, healthcare, telecommuncations, technology and wine.

According to local business publication The NBR, the family is worth NZ$3.16 billion.

Family Business Roundup: DMCI, JCB, and Todd Corporation

May 15, 2015

DMCI secures Philippine Skyway Stage 3 contact; JCB donates diggers to Nepal relief effort; and Todd Corporation digs deep to acquire Pilbara mine

DMCI secures Philippine Skyway Stage 3 contact

Philippine infrastructure conglomerate DCMI, owned by the Consunji family, has agreed to build part of the Metro Manila Skyway after being awarded a 32-month contract.

In a disclosure to the Philippine Stock Exchange, DMCI Holdings announced it would build sections one and two of the extension part of the project, which will provide the finishing touches on the Philippines' first fully elevated highway.