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FBN

October 24, 2014

Toyota sells part of its Tesla stake; Heineken blames wet summer on sales washout; and Jaguar Land Rover opens £1 billion China plant 

Toyota sells part of its Tesla stake; Heineken blames wet summer on sales washout; and Jaguar Land Rover opens £1 billion China plant

Toyota sells part of its Tesla stake

Toyota Motor Corp, owned by the Toyoda family, has sold part of its stake in US carmaker Tesla, as it bets on fuel cell vehicles to drive growth.

October 3, 2014

Inditex joins forces with Alibaba to boost Chinese sales; Berkshire Hathaway buys Van Tuyl car dealership; and Reliance Communications aims to reduce debt with 4G.

Inditex joins forces with Alibaba to boost Chinese sales; Berkshire Hathaway buys Van Tuyl car dealership; and Reliance Communications aims to reduce debt with 4G.

Inditex joins forces with Alibaba to boost Chinese sales

Family-controlled clothing empire Inditex has announced plans to join forces with Chinese e-commerce giant Alibaba Group Holdings in order to gain a stronger foothold in the country.

September 25, 2014

Merck to acquire US Sigma-Aldrich for $17 billion; Colombian family-owned bank raises $1.26 billion at IPO; and Ikea announces €2 billion expansion in Russia

Merck to acquire US Sigma-Aldrich for $17 billion; Colombian family-owned bank raises $1.26 billion at IPO; and Ikea announces €2 billion expansion in Russia

Merck to acquire US Sigma-Aldrich for $17 billion 

German pharmaceutical company Merck, 70% owned by the eponymous founding family, has agreed to buy US firm Sigma-Aldrich for $17 billion (€13.3 billion) in order to bolster its laboratory supplies business. 

August 14, 2014

Family-owned Henkel predicts growth, higher profits and Billion-dollar banana deal stalls after Brazilian bid

Family-owned Henkel predicts growth, higher profits and Billion-dollar banana deal stalls after Brazilian bid

Family-owned Henkel predicts growth, higher profits

German consumer goods maker Henkel AG & Company, led by the Henkel family since 1876, reported increased profits in its second quarter, despite trading conditions being hampered by the Ukraine crisis.

July 31, 2014

PZ Cussons cleaning up despite £12m currency drop; Antofagasta share price drops despite higher output; Swatch shares increase following iWatch rumours

PZ Cussons cleaning up despite £12m currency drop; Antofagasta share price drops despite higher output; Swatch shares increase following iWatch rumours

PZ Cussons cleaning up despite £12m currency drop

British soap and shampoo manufacturer PZ Cussons posted a profit of £115 million (€144 million) for the year ending May 2014 ­– a rise of 7% on 2013.

March 20, 2013

Romania is the latest country to set up a chapter of the Family Business Network, as the country’s nascent business sector embraces the family business model. 

Romania is the latest country to set up a chapter of the Family Business Network, as the country’s nascent business sector embraces the family business model.

February 20, 2013

Alexis du Roy de Blicquy, the newly appointed chief executive of the Family Business Network International, says he wants to work more closely with the individual country chapters of the FBN as he looks to consolidate the rapid growth of the Switzerland-based organisation. 

Alexis du Roy de Blicquy, the newly appointed chief executive of the Family Business Network International, says he wants to work more closely with the individual country chapters of the FBN as he looks to consolidate the rapid growth of the Switzerland-based organisation.

October 31, 2012

Family-controlled firms will be represented for the first time at the California State Capitol, in a bid to stop “new laws and regulations that hinder a family business's ability to compete and grow”.

Family-controlled firms will be represented for the first time at the California State Capitol, in a bid to stop “new laws and regulations that hinder a family business's ability to compete and grow”.

That’s according to Family Business Association, a new group founded this year by 22 “prominent” family businesses, including Boyett Petroleum, Owen-Dunn Insurance Services and Ramos Oil Company.

October 24, 2012

Family Firm Institute revealed at its annual conference in Brussels that it has grown its international membership strongly as the Boston-based association engages with more family businesses and their advisers.

Family Firm Institute revealed at its annual conference in Brussels that it has grown its international membership strongly as the Boston-based association engages with more family businesses and their advisers.

The group, which earlier this year appointed UK-based Mark Evans, a director at the UK private bank Coutts, as its chairman, now has 40% of its members from outside of the US.

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