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Family Business

February 14, 2019

Wheatsheaf buys climate tech company to reduce food waste, Sinar Mars founder Eka Tjipta Widjaja dies, and Tata Motors posts record-breaking loss on Jaguar Land Rover.

Wheatsheaf buys climate tech company to reduce food waste

Wheatsheaf Group, the investment arm of the Grosvenor family office, has acquired a 90% stake in Purfresh—a provider of specialised climate control technology designed to reduce food waste during shipping.

It is estimated as many as one out of 15 containers, some worth up to $500,000, are rejected when they arrive at their destination due to spoilage, according to Purfresh.

February 13, 2019

Business families of significant wealth are reviewing the implications of Brexit as the scheduled date for Britain’s withdrawal from the European Union looms.

Business families of significant wealth are reviewing the implications of Brexit as the scheduled date for Britain’s withdrawal from the European Union looms.

PwC has been urging clients to start activating contingency plans in areas where Brexit may affect supply chains and cross-border change. For the sector as whole, many organisations were still waiting to see what the final outcome of negotiations will be before taking significant investment decisions, Peter Englisch (pictured above), global and EMEA family business leader at PwC Germany, said.

February 12, 2019

You can’t choose your family, but you can choose who runs your business. Alexandra Newlove talks to a range of experts about bringing in outside help

In 2006, as Ford Motor Company headed towards a $12.7 billion loss, the worst in the company’s 103-year history, Bill Ford, chief executive and great-grandson of the legendary Henry Ford, realised he needed help.

In an email to staff, Ford introduced his new top man: former Boeing transformation master Alan Mulally, who over the next eight years executed a revitalisation which saw the automaker’s stock appreciate more than 1000% from recession lows, and Mulally remembered as one of the all-time great business leaders.

February 11, 2019

William Herbert, the 18th Earl of Pembroke, may have his family’s Palladian mansion Wilton House decorated with van Dycks and Rembrandts, but the collection closest to heart is parked in his converted coach house. Lord Pembroke shares with James Beech his practical insights on owning and running classic cars as passion investments.

William Herbert, the 18th Earl of Pembroke, may have his family’s Palladian mansion Wilton House decorated with van Dycks and Rembrandts, but the collection closest to heart is parked in his converted coach house. Lord Pembroke shares with James Beech his practical insights on owning and running classic cars as passion investments.

Lord Pembroke inherited his love of motor cars from his great-grandfather, Arthur Wignall Tate, the grandson of Sir Henry, the sugar merchant and philanthropic founder of the Tate gallery.

February 8, 2019

Britain’s wealthiest families paid $1.2 billion in tax in the last financial year at a time when the state revenue contributions of the world’s richest individuals and corporations are coming under increasing scrutiny.

Britain’s wealthiest families paid $1.2 billion in tax in the last financial year at a time when the state revenue contributions of the world’s richest individuals and corporations are coming under increasing scrutiny.

February 7, 2019

More than 30 of the world’s most successful strategic investors will share their expertise with business family leaders at Europe’s most influential family investment conference this month.

More than 30 of the world’s most successful strategic investors will share their expertise with business family leaders at Europe’s most influential family investment conference this month.

February 6, 2019

Ferrero bids for Kellogg’s cookie and fruit snack businesses, Weatherbys gears up Scottish expansion with new hires, and hedge fund founder David Harding gifts $130 million to Cambridge University.

Ferrero bids for Kellogg’s cookie and fruit snack businesses

Family owned confectionary giant Ferrero has placed a first-round bid alongside competitors Hostess Brands and B&G Foods to buy Kellogg’s cookie and fruit snack businesses.

February 5, 2019

With industrial and consumer uptake growing exponentially, the Internet of Things is disrupting the way businesses operate. Scott McCulloch explores the implications for family firms

With industrial and consumer uptake growing exponentially, the Internet of Things is disrupting the way businesses operate. Scott McCulloch explores the implications for family firms

Think of the billions of physical devices connected to the internet, devices that collect and share data, and you get a sense of the Internet of Things (IoT).

February 4, 2019

The concept of a ‘family office’ is very nascent in India with only 45 formally structured family offices in existence. However, it is gaining popularity.

What are your general observations of the Indian family office market?

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