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March 9, 2020

Founder’s great-grandson takes chair as Lego builds in China, billionaire “hotpot queen” chooses Singapore for her new family office and next-gen James Murdoch joins the fight against fake news.

Founder’s great-grandson takes chair as Lego builds in China

Thomas Kirk Kristiansen (pictured), a fourth generation member of Lego’s founding family, has taken over the role of chairman as the Danish toy giant announces record sales.

February 19, 2020

Walmart is disappointed with festive consumer spending and Asda but online sales up 35%, JCB cuts UK production as the coronavirus hits Chinese suppliers, and fifth-generation US newspaper dynasty McClatchy Co files for bankruptcy.

Walmart disappointed with festive consumer spending and Asda but online sales up 35%.

Walmart, the world’s biggest family business with $524 billion in revenue and an economic bellwether, says holiday sales were weaker than anticipated despite online sales jumping 35% in the fiscal year.

February 3, 2020

Chinese families started shifting their investment strategy from wealth generation to preservation in anticipation of a global economic downturn even before the deadly coronavirus outbreak disrupted China’s slowing economy.

Chinese families started shifting their investment strategy from wealth generation to preservation in anticipation of a global economic downturn even before the deadly coronavirus outbreak disrupted China’s slowing economy.

January 30, 2020

The Campden Wealth North American Family Enterprise Conference in Phoenix on 24-26 February is the ideal event for significant wealth holding entrepreneurs and multigenerational families and their executives from across the Americas—find out why you need to attend.

The Campden Wealth North American Family Enterprise Conference in Phoenix on 24-26 February is the ideal event for significant wealth holding entrepreneurs and multigenerational families and their executives from across the Americas—find out why you need to attend.

January 10, 2020

China’s billionaire business families are setting up their own family offices at a phenomenal rate as ageing principals shift their priorities from wealth creation to preservation and succession.

China’s billionaire business families are setting up their own family offices at a phenomenal rate as ageing principals shift their priorities from wealth creation to preservation and succession.

More than three-quarters of Chinese families surveyed by Campden Wealth said they either established or joined a family office after 2010. In the last six years, interest has been growing, and almost one-third reported they began using family office services in either 2018 (13%) or in the first eight months of 2019 (18%).

January 10, 2020

Pentland consolidates global Speedo portfolio ahead of Olympics, Heinrich Deichmann on family-funded growth and philanthropy, and family succeeds Georges Duboeuf, France’s “pope of Beaujolais”.

Pentland consolidates global Speedo portfolio ahead of Olympics

British family business Pentland Group has acquired Speedo North America for $170 million, ahead of the 2020 Tokyo Olympics and Paralympics and the competition of many Speedo athletes.

The second-generation $3 billion group announced this week it had entered into a definitive agreement for the business with apparel company PVH Corp. Speedo International licensed the Speedo trademark to a PVH subsidiary for use in North America and the Caribbean.

December 12, 2019

Pinault family’s Kering explores a Moncler takeover, Charles Koch and George Soros unite against the US war industry, and Blue Haven, Rockefeller and Ford foundations help launch an impact fund.

Pinault family’s Kering explores Moncler takeover

The rivalry between the Pinault and Arnault luxury family businesses appears to be intensifying with Kering in talks to acquire Moncler only weeks after LVMH bought Tiffany and Co for $16 billion.

November 25, 2019

The French family behind the world’s largest luxury group LVMH has made its biggest ever acquisition by adding the US jewellery brand Tiffany & Co to its portfolio for an up-scaled offer of $16 billion.

The French family behind the world’s largest luxury group LVMH has made its biggest ever acquisition by adding the US jewellery brand Tiffany & Co to its portfolio for an up-scaled offer of $16 billion.

The $51.5 billion (€46.8 billion) LVMH empire will acquire the $4.4 billion Tiffany for $135 per share in cash, in a transaction with an equity value of $16.2 billion (€14.7 billion). The luxury goods giant increased its offer from $120 per share last month.

November 22, 2019

Melia, Inditex and Damm families lead Spain’s digital revolution, family businesses H&M Group and IKEA unite to study recycled textiles, and Hays family creates 1,500 new careers in the UK’s travel industry.

Melia, Inditex and Damm families lead Spain’s digital revolution

Spanish family businesses Melia Hotels International, Inditex and Damm have been named among the top 10 companies leading the digital transformation of the Spanish economy.

Research by the Coordenadas Institute of Governance and Applied Economics hailed the families and public peers, such as Telefonica and Seat, for adapting their business models through digitalisation. Their motivation was to enhance their competitiveness and position themselves as international benchmarks.

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