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April 16, 2020

Dyson ventilators ready for regulatory green light, Latifi passion invests in son’s Formula One team, Kering’s Pinault and Michael Dell cut salaries.

Dyson ventilators ready for regulatory green light

Family owned engineering firm Dyson says it is ready to make 10,000 ventilators to aid Covid-19 patients as soon as the device is approved by regulators.

British inventor Sir James Dyson (pictured) and his team brought their experience in innovating vacuum cleaners, air purifiers and fans to design and build the prototype CoVent with the Technology Partnership, a Cambridge-based firm.

March 27, 2020

James Dyson says “race is on” to make 10,000 coronavirus ventilators, Escarrer family braces Melia Hotels for coronavirus and world recovery, AB InBev adapts to changing consumer tastes with premiumisation strategy.

James Dyson says “race is on” to make 10,000 coronavirus ventilators

Sir James Dyson, the UK billionaire entrepreneur who made his fortune by inventing a cyclonic vacuum cleaner, has been commissioned by the UK government to make 10,000 critical ventilating machines for the country’s health service in the fight against the coronavirus pandemic.

January 25, 2019

Henry Sy, the Philippines richest man and shopping mall tycoon, dies aged 94, Cosentino Group opens its fifth centre in Stockholm, Brexit champion James Dyson denies hypocrisy in moving HQ to Singapore.

Henry Sy, the Philippines richest man and shopping mall tycoon, dies aged 94

Henry Sy (pictured), founder and chairman emeritus of family-owned SM Investments—one of the Philippines’ largest conglomerates— has died “peacefully in his sleep” aged 94, according to his company.

He is survived by his wife, Felicidad Tan-Sy, six children—Teresita Sy-Coson, Elizabeth, Henry Jr, Hans, Herbert and Harley—and several grandchildren.

October 24, 2018

Wanda Ferragamo dies aged 96, Dyson to manufacture new electric vehicle in Singapore, Shahid Khan withdraws offer to buy Wembley Stadium.

Wanda Ferragamo, matriarch of fashion empire Salvatore Ferragamo, dies aged 96

Wanda Ferragamo, who is credited with expanding her husband’s shoe business into the global fashion brand Salvatore Ferragamo, has died at her home in Fiesole, Italy aged 96.

The Ferragamo family issued a statement confirming her death, but did not disclose a cause. She is survived by her four children—Giovanna, Ferruccio, Massimo and Leonardo.

The business has annual revenue of about $1.6 billion, according to Bloomberg News.

August 31, 2018

Dyson to build $260 electric car test site, South Korea’s regulators slap new rules on family-run chaebols, Power unit sale helps lift Reliance debt burden.

Dyson unveils $260 million test track for electric vehicles

A year after announcing it would join the electric car race, UK technology firm Dyson has revealed its plans to convert a former airfield in Southern England into a 17km test track and extensive electric vehicle (EV) testing centre.

Dyson, headed by the dynamic UK inventor Sir James Dyson (pictured), bought Hullavington Airfield, Wiltshire several years ago and plans to spend up to £200 million ($260 million) converting it into a EV testing centre.

September 28, 2017

US regulators side with Boeing in Bombardier row; Dyson to release “radical” EV; and non-doms flee Brexit UK.

US regulators side with Boeing in Bombardier row

Family-controlled Bombardier has called a proposed import duty on its new US fleet “absurd and divorced from reality”, in the latest chapter of its spat with American rival Boeing.

The US Commerce Department this week sided with Boeing in the dispute, proposing punitive tariffs of up to 219% on Bombardier’s C-Series jet, which Boeing claims is being sold in the US below cost thanks to subsidies and bailouts from the Quebec, Canadian and UK governments.

March 31, 2017

Dyson profits up 41% on Asia surge; Wegmans Food Markets hands CEO role to next gen; and Al Masaood appoints new chairman

Dyson profits up 41% on Asia surge

Profits at British technology company Dyson have increased by 41% following increased sales of vacuum cleaners, air purifiers and hairdryers in Asia.

The Wiltshire-based family business tripled its revenue in china, Indonesia and the Philippines in 2016. The region accounted for more than half of Dyson’s sales and profit.

November 4, 2016

James Dyson engineers new university, Dalian Wanda Group buys Dick Clark Productions, and JAB Holdings offers $1 billion for Super Group

James Dyson engineers new university

Sir James Dyson, founder of the eponymous British technology company, is to open his own institute to train engineers as part of a drive to ensure UK companies remain competitive.

The Dyson Institute of Technology, opening this autumn, will offer students free education and a guaranteed job on completion. Dyson said the starting salary was expected to be about £15,000 ($18,700) in the first year.

April 10, 2015

Hyundai Motor vows to improve corporate governance; Bollore boosts stake in Vivendi; and James Dyson to acquire son’s lighting company

Hyundai Motor vows to improve corporate governance

South Korea’s largest automaker Hyundai Motor Co will consider a shareholder request to improve corporate governance, according to co-chief executive Kim Choong Ho.

The proposal comes shortly after Hyundai paid more than $10 billion for a piece of real estate in Seoul’s affluent Gangnam district, which caused share prices to drop and rekindled the debate around opaque decision making.

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