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October 2, 2019

JCB digs into record sales against softening markets, IKEA assembles 5% increase in sales after transformation, American, Chinese sales help brew 39% profit for illycaffe.

JCB digs into record sales against softening markets

Bamford family-controlled manufacturer JCB says growth has stalled, especially in its biggest market India, despite sales increasing by almost a quarter last year.

October 1, 2019

Family-owned Forever 21 files for bankruptcy, billionaire Carlos Slim’s company confident over Mexican TV licence and Fiji Water billionaires gift $750 million for climate change research.

Family-owned Forever 21 files for bankruptcy

Forever 21, a family-owned teen fashion retailer, has filed for bankruptcy protection, toppled by intense competition and its own rapid expansion.

In a statement, the retailer said as part of its restructuring, it would look to close most of its international stores in Asia and Europe and 178 stores in the US, with up to 350 stores closing overall. It will continue operations in Mexico and Latin America.

September 30, 2019

CampdenFB has featured many of the leading lights in the family business and family office space over its 75 issues. Here we take a look at some of the icons in the world of business families plus the up-and-comers taking the community into the 21st century

CampdenFB has featured many of the leading lights in the family business and family office space over its 75 issues. Here we take a look at some of the icons in the world of business families plus the up-and-comers taking the community into the 21st century.

September 27, 2019

Family investors collecting art for passion or profit, or a blend of both, should pay for the best example of an artist’s work they can, in a market made erratic by geopolitical uncertainty, say vendors at the latest LAPADA Art and Antiques Fair in London.

Family investors collecting art for passion or profit, or a blend of both, should pay for the best example of an artist’s work they can, in a market made erratic by geopolitical uncertainty, say vendors at the latest LAPADA Art and Antiques Fair in London.

September 26, 2019

Families looking to formalise their governance structure should ensure all next generation members are involved in the process so they can voice ideas for their future and contribute to the terms, says next gen Marie-Amelie Jacquet.

Families looking to formalise their governance structure should ensure all next generation members are involved in the process so they can voice ideas for their future and contribute to the terms, says next gen Marie-Amelie Jacquet.

September 25, 2019

Rapid growth in the number of ultra-wealthy individuals worldwide has slowed to a crawl and their total wealth has dropped for the first time in three years to $32.3 trillion.

Rapid growth in the number of ultra-wealthy individuals worldwide has slowed to a crawl and their total wealth has dropped for the first time in three years to $32.3 trillion.

September 24, 2019

Hotel magnate Barron Hilton dies age 91, Volkswagen chief executive faces criminal charges in Germany over ‘dieselgate’ and billionaire Uniqlo founder fears Brexit could turn UK into the ‘sick man of Europe’.

Hotel magnate Barron Hilton dies age 91

Barron Hilton, the hotel magnate who expanded his father’s chain, has died age 91.

In a statement, the Hilton family said Hilton died of natural causes at his home in Los Angeles on Thursday. He is survived by eight children, 15 grandchildren and four great-grandchildren. His wife, Marilyn Hawley Hilton, died in 2004.

“The Hilton family mourns the loss of a remarkable man,” Steven M Hilton, Hilton’s son and chairman of the family’s Conrad N Hilton Foundation, said.

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.

September 23, 2019

With the might of the Chinese government supporting them, family businesses in China have flourished in the last 40 years. But while business is thriving, many are facing succession challenges borne from a lack of heirs willing to take the helm. Susan Lingeswaran takes a look

On 13 December, 1978, not long after China was out of the grip of Mao’s Cultural Revolution, then-leader Deng Xiaoping delivered a radical speech to his Communist Party proposing China learn from richer countries, allow workers and peasants to compete to get ahead, and give enterprises the power to make decisions or try new ventures.

Just five days later, a council of 300 party elite agreed to adopt Deng’s vision, and China kicked off its journey from economic seclusion to becoming the world’s factory.

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