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Adrian Cheng

Top 75 Family Business Leaders 2019: Asia Pacific

October 7, 2019

CampdenFB celebrates this month the 75 leading lights in the family business and family office space over its 75 issues. Last week we profiled some of the inspirational figures in the Americas—this week we take a look at the major players in the dynamic region of Asia-Pacific.

Fast forward: Top 50 family business leaders 2017

November 6, 2017

Fast-growing companies are what get economies moving and this year more than 70% of the leaders in our Top 50 list are from expanding new companies we have never featured. Read on about the leaders getting their family businesses going in the right direction

FB Roundup: New World Group, Heineken, and Euronext Family Business Index

March 2, 2017

New World’s Adrian Cheng climbs succession ladder, Heineken results bolstered by Brexit, Euronext launches family business index

New World’s Adrian Cheng climbs succession ladder

Third-generation family member Adrian Cheng, 36, has been promoted to executive vice-chairman and general manager of New World Group – a possible signal of future succession plans.

The timing of the announcement was downplayed as a coincidence by Cheng who for the first time presented the six monthly results for the Hong Kong-based property behemoth.

New World Group reported revenues for the six months to 31 December of HKD26.6 billion ($3.4 billion).

Top 50 Family Business Leaders 2016

May 6, 2016

From Blackmores to Wah Kwong Maritime Transport – we’ve scoured the globe for the A-Z of top family business leaders in 2016

Whether its family members taking over top leadership positions, or businesses who’ve beaten Apple in corporate reputation rankings, we’ve got the leaders steering their family businesses in innovative and interesting directions

Family Business Roundup: Belk, Schaeffler, and New World Development

August 27, 2015

Belk department stores sold for $3 billion; Schaeffler posts double-digit revenue increase; and Chinese billionaire Adrian Cheng to build 17 shopping centres

Belk department stores sold for $3 billion

American department store chain Belk, owned by the eponymous family for more than 125 years, has been acquired by private equity firm Sycamore Partners in a deal valued at $3 billion.

According to a company statement, Sycamore will pay $68 in cash for every share, in what will be the biggest ever deal for the New York-based firm.

Third-gen promoted at Hong Kong’s New World Development

March 26, 2015

Hong Kong family business New World Development has announced third-gen Adrian Cheng will become executive vice chairman next week, indicting he could be the anointed heir to run the property empire.

Hong Kong family business New World Development has announced third-gen Adrian Cheng will become executive vice chairman next week, indicting he could be the anointed heir to run the property empire.

Cheng, 34, sits on the board of directors with his sister, Sonia, 33, who is chief executive of subsidiary Rosewood Hotel Group. Their brother Brian, 31, sits on the board of another subsidiary, NWS Holdings.

The siblings’ father, Henry Cheng, is chairman of New World Development.