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welfare

April 3, 2020

Sodexo mobilises and board cut salaries, Henkel makes disinfectants and donates millions, coronavirus-testing Roche hailed by UK government.

Sodexo mobilises globally and board cuts pay to support laid-off staff

The family principal and chiefs of Sodexo, the French family-owned food services and facilities management group, will cut their pay and support their staff made redundant because of the coronavirus outbreak with a $32.6 million fund.

February 14, 2020

Inditex pumps $9.2 million into social welfare; Benetton fires photographer over bridge remark; Frederick Koch, US philanthropist, dies aged 86.

Ortego-owned Inditex pumps $9.2 million into social welfare

The Ortega family-owned Spanish fashion giant Inditex, best known for its high street retail chain Zara, will give €8.5 million ($9.2 million) to the Catholic Church’s charitable organisation Caritas Spain for social employment and circular economy efforts.

September 23, 2019

More than half of the world’s leading family office principals say they expect a market downturn to start in 2020 and are considering how to safeguard against potential losses and capitalise on new opportunities.

More than half of the world’s leading family office principals say they expect a market downturn to start in 2020 and are considering how to safeguard against potential losses and capitalise on new opportunities.

Nearly half (45%) of principals surveyed said they were re-aligning their investment strategy to manage risk or take advantage of opportunistic events (42%). Another two-fifths (42%) said they were increasing their cash reserves, while a fifth (22%) are reducing leverage exposure within their investments.

March 15, 2018

Fashion founders Hubert de Givenchy and Sonja Bata are being remembered by their families and foundations for their influence, elegance and philanthropy.

Fashion founders Hubert de Givenchy and Sonja Bata are being remembered by their families and foundations for their influence, elegance and philanthropy.

French couturier Givenchy, who designed for Audrey Hepburn, Grace Kelly, Ingrid Bergman and Jackie Kennedy, died in his sleep near Paris on 10 March at the age of 91.

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