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April 8, 2016

A volunteer trip to Uganda gave Cameron Saul the inspiration to mix business and giving back. Jessica Tasman-Jones spoke to the scion of luxury fashion brand Mulberry about creating sustainable leather goods company Bottletop

A volunteer trip to Uganda gave Cameron Saul the inspiration to mix business and giving back. Jessica Tasman-Jones spoke to the scion of luxury fashion brand Mulberry about creating sustainable leather goods company Bottletop

March 7, 2016

A longtime employee of Michigan family office EDP Management Company has agreed to plead guilty to swindling its matriarch out of $16 million through money laundering and wire fraud.

A longtime employee of Michigan family office EDP Management Company has agreed to plead guilty to swindling its matriarch out of $16 million through money laundering and wire fraud.

Robert Allen Haveman was charged with two felonies at the US District Court in Grand Rapids and faces a 20-year sentence on the fraud charge and 10 years for the money laundering charge.

Haveman, who had worked for EDP since 1999, has signed a plea agreement to plead guilty to the charges.

February 18, 2016

US wealth manager Abbot Downing has established a new business strategy to better focus on single family office clients, with its president stating that more investment entities are transitioning into family offices in the face of increasing regulation.

US wealth manager Abbot Downing has established a new business strategy to better focus on single family office clients, with its president stating that more investment entities are transitioning into family offices in the face of increasing regulation.

The group announced last month that it would be appointing Joe Freeman its new head of family office services. The platform would facilitate access to products and services provided by Abbot Downing’s parent company Wells Fargo.

February 5, 2016

National Amusements third-gen Shari Redstone was the only vote from the board of directors at Viacom, her family’s media empire, opposing the appointment of Philippe Dauman as chairman on Thursday.

 

National Amusements third-gen Shari Redstone was the only vote from the board of directors at Viacom, her family’s media empire, opposing the appointment of Philippe Dauman as chairman on Thursday.

Her father, Sumner Redstone, 92, announced his retirement on Thursday. He had announced his retirement as chairman of the family’s other media empire CBS on Wednesday, where he will be replaced by its existing CEO and president Leslie Moonves.

February 5, 2016

Marketing your family business in a war-torn country might sound like a heavy cross to bear, but for Wafa Elnefeidi, third-generation general manager at Sudan’s Elnefeidi Group, the main challenge stems from gender inequality. 

Keeping a business afloat through two rounds of north-south civil war is no easy task. Imagine then the challenges of building out a marketing department in the same environment. Yet at the Elnefeidi Group, one of Sudan’s most prominent family-owned conglomerates, marketing has been a staple for more than 80 years.

February 4, 2016

Sumner Redstone’s expected resignation from family media empire Viacom today could unleash a succession battle between its non-family chief executive and his daughter, Shari, who has released a pointed statement about leadership at the company.

Sumner Redstone’s expected resignation from family media empire Viacom today could unleash a succession battle between its non-family chief executive and his daughter, Shari, who has released a pointed statement about leadership at the company.

Nonagenarian Redstone, 92, announced his retirement as chairman of the family’s other media empire CBS yesterday, where he will be replaced by its existing CEO and president Leslie Moonves.

January 29, 2016

The King family has built a family business managing everything from hospitals in Nigeria to a 1,900-seat restaurant at the home of English football. Hertford and Chester King discuss expanding their country club Stoke Park, planning an A-list development, and working with one of China’s biggest entrepreneurs.

January 28, 2016

Following the sudden death of her philanthropist husband late last year, Kris Tompkins, the US conservationist and former CEO of outdoor clothing brand Patagonia Inc, has begun talks with Chilean government over the donation of a vast nature reserve in southern Chile.

Following the sudden death of her philanthropist husband late last year, Kris Tompkins, the US conservationist and former CEO of outdoor clothing brand Patagonia Inc, has begun talks with Chilean government over the donation of a vast nature reserve in southern Chile.

Tompkins is the widow of North Face founder and Esprit co-founder Doug Tompkins, who died in December in a kayaking accident. The well-known adventurer invested around $375 million in South American conservation efforts, particularly in Chile and Argentina.

January 22, 2016

Henkel names new CEO; Reliance issues share to battle Bharti; Family businesses top Edelman trust poll 

Henkel names Hans Van Bylen as new CEO
Hans Van Bylen is to take over at German consumer goods maker Henkel after its incumbent chief executive Kasper Rorsted left to become the new CEO of Adidas.

Van Bylen, Henkel’s former head of the beauty care business, joined the family-controlled firm in 1984 and has been a member of the management board since 2005.

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