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US family ambitions for UK icons Sainsbury's and Wembley Stadium

May 4, 2018

United States based family businesses have sent shockwaves around the United Kingdom with separate plans for a $10 billion supermarket merger and an $800 million bid for the national stadium.

United States-based family businesses have sent shockwaves around the United Kingdom with separate plans for a $10 billion supermarket merger and an $800 million bid for the national stadium.

Retail giant Walmart, owned by the Walton family, announced on Monday its “combination” of its UK subsidiary Asda with rival chain Sainsbury’s to create the country’s largest grocer by market share.

FB Roundup: VW, Berkshire, and Thomson Reuters

January 31, 2018

VW caught in monkey test scandal; Berkshire, Amazon, JP Morgan plan healthcare non-profit; and Thomson Reuters family sell F&R business

VW caught in monkey test scandal

The reputation of family-owned Volkswagen has taken another hammering, after it became the scapegoat for emissions tests which forced monkeys to breathe diesel fumes.

FB Roundup: Walmart, Vedanta, and impact investing

May 25, 2017

Walmart reports huge jump in US online sales, next-generation family member joins Vedanta board, and GIIN survey says big financial firms bring mixed blessings for impact investing

Walmart reports huge jump in US online sales

The family-owned retail giant Walmart has reported a modest rise in total revenues and a much larger increase in US online sales.

As it looks to take on e-commerce behemoths such as Amazon, the US-based retailer achieved a 63% rise in US online sales in the first quarter of this year.

Walmart’s online ambitions were demonstrated last year by its $3.3 billion acquisition of the internet retailer Jet.com.

Escapes: Untouched world - Wilderness experiences in bespoke luxury

November 28, 2016

Traditional luxury has its appeal but a growing number of ultra-wealthy want their tourism experience to match their entrepreneurial zeal in some of the most beautiful and unspoilt corners of the world, as Margie Goldsmith reveals

Panama Papers: Tax haven can wait

October 7, 2016

Will the Panama Papers mark a tipping point for families and their advisers? And what will families need to do to fend off public criticism?

Will the Panama Papers mark a tipping point for families and their advisers? And what will families need to do to fend off public criticism? Paul Golden reports

A mere two months before Brexit brought the curtain down on David Cameron’s 11-year leadership of the UK Conservative Party, the former prime minister had only narrowly escaped an earlier end to his premiership.

Washington Post leaves family-ownership

August 6, 2013

Family media dynasty the Grahams have sold The Washington Post, one of the most respected news organisations in the US, after eight decades of family ownership.

It has been bought, along with a number of weekly newspapers, for $250 million (€188.6 million) by Jeff Bezos, the founder and chief executive of online retailer Amazon.