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Agnelli family

De Benedetti family sells Italy’s biggest media group GEDI to Agnelli family

December 6, 2019

John Elkann, heir to the Agnelli industrial dynasty, says his family’s $113 million deal with the De Benedetti family’s media empire will future proof the publisher of Italy’s La Repubblica and La Stampa newspapers.

Family owned Fiat Chrysler, LVMH move on multi-billion dollar mergers

October 31, 2019

European family business titans Fiat Chrysler and LVMH look to consolidate their dominance in their automaking and luxury goods markets in an uncertain world by eyeing multi-billion dollar mergers.

European family business titans Fiat Chrysler and LVMH look to consolidate their dominance in their automaking and luxury goods markets in an uncertain world by eyeing multi-billion dollar mergers.

The Italian Agnelli family, which controls Fiat Chrysler through its holding company Exor, was expected to approve the proposed $48 billion union with Peugeot-owner PSA, itself 12.2% owned by the French Peugeot family.

FB Roundup: Dilmah, FCA US, and impact investing

September 7, 2018

Philanthropist Dilmah Tea owning family opens humanitarian centre, Fiat Chrysler Automobiles invests $30 million in driverless cars, New rules to define impact investing.

Philanthropist Dilmah Tea owning family opens humanitarian centre

The patriarch of the world’s first family of tea says their new $7.4 million centre for “empowerment, inspiration, community development and climate change” is the evolution of 12 years of human service in the impoverished Eastern Province of Sri Lanka.

Family business roundup: 21st Century Fox, Fiat, Bestway

July 18, 2014

Murdoch merger rebuffed by Time Warner; Family-owned Fiat denies Volkswagen takeover bid and Bestway buy Co-op pharmacy in multi-million pound deal

Murdoch merger rebuffed by Time Warner

Rupert Murdoch’s 21st Century Fox has had an $80 billion (€59.1 billion) merger deal rejected by US rival Time Warner.

Fiat signs Chrysler purchase agreement

January 2, 2014

Italian family business Fiat has welcomed in the New Year by signing an agreement to purchase the remaining stake it does not already own in US carmaker Chrysler.

Italian family business Fiat has welcomed in the New Year by signing an agreement to purchase the remaining stake it does not already own in US carmaker Chrysler.

The $3.65 billion (€2.67 billion) agreement ends a stand off between Fiat, which is owned by family-controlled holding company Exor, and a retiree healthcare trust over the value of the company.

Veba, associated with the United Auto Workers union, argued its 41.5% stake was worth $5 billion, while Fiat said it was worth half that amount.

Family business roundup: Fiat doubles media stake; Ottobock and Pohlig join forces

July 3, 2013

Fiat doubles its share in an Italian publishing group while German family firms Ottobock and Pohlig join forces for a greater footprint in the orthopaedics sector.

Fiat

Fiat – controlled by the Agnelli family's Exor – has announced it will double its holding in struggling Italian publishing group RCS MediaGroup from 10% to 20%.

Europe’s great family dynasties come together for a deal

June 3, 2013

Italy’s Agnelli family has sold its stake in inspection and verification business SGS to Belgium’s richest man Baron Albert Frere, in a deal that underlines the links between some of the world’s wealthiest business families.

The Agnelli-controlled holding group Exor banked a €1.5 billion net gain on the sale of its 15% stake in SGS to Groupe Bruxelles Lambert, which is controlled by Frere and the French-Canadian Paul Desmarais and his family.

“Day of joy” for Agnelli family as new Fiat Panda is unveiled

December 15, 2011

Pandas have been making headlines a lot recently, thanks to China and Scotland joining forces to bring some of the cuddly-looking creatures to Edinburgh zoo. Now an entirely different type of panda – the Fiat Panda – has caught the attention of the press after the Italian carmaker unveiled the latest model.

The compact city car boasts four airbags, ABS and daytime running lights as standard, as well as its well-regarded two-cylinder TwinAir engine.

Family-controlled Exor reports huge jump in profits

August 31, 2011

Family-controlled Exor, the parent company of Italian car manufacturer Fiat, expects its massive €460.1 million jump in six-month profits to be followed by strong results for the last half of the year, according to a company spokesman.

How to lead your family business out of the crisis

August 27, 2009

Professor Randel Carlock, INSEAD’s Berghmans Lhoist chaired professor in Entrepreneurial Leadership and director, Wendel International Centre for Family Enterprise, outlines strategies to help your family business through the current storm.

In recent months many firms have laid off employees, shelved growth plans and cut budgets as the recession and general pessimism continues to afflict the business world. Amid the deepest and most widespread economic downturn for more than 50 years, international trade is forecast to fall by more than 13% and world economic activity to shrink by 2.7%, according to Paris-based body the Organisation for Economic Co-operation and Development (OECD).