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Barclay family

FB Roundup: Barclay, Tse and Galeries Lafayette

October 30, 2019

Barclay brothers put Telegraph newspaper up for sale, Sino Biopharmaceutical founder transfers wealth to 24-year-old son and Galeries Lafayette to open 10 new stores in China by 2025.

Barclay brothers put Telegraph newspaper up for sale

The UK’s billionaire Barclay brothers have put the Telegraph newspapers up for sale as they review their family empire.

Sir David Barclay and his identical twin Sir Frederick (pictured left) have owned the media group since 2004, but were said to be eyeing a sale as a part of a wider break-up of their sprawling network of interests, according to The Times.

FB Roundup: Ambani, David, and Barclay

May 15, 2019

Asia’s richest man buys UK’s Hamleys for $88 million, Coca Cola heir arrested after $1.3 million in cannabis found on private jet, and billionaire Barclay brother sues French writer over play.

Asia’s richest man buys UK’s Hamleys for $88 million.

British toy maker Hamleys has been sold to Asia’s richest man, Mukesh Ambani, for £68 million ($88 million)—the latest in a string of retail acquisitions by his family conglomerate, Reliance Industries.

Ambani’s Reliance Brands, a subsidiary of Reliance Industries, announced it had bought the 260-year-old toy retailer from Hong Kong-listed Chinese fashion firm C Banner International Holdings.

Family businesses dominate rich list

April 30, 2012

Family businesses are crucial to wealth creation in the UK as demonstrated by the latest Sunday Times Rich List, where more than half of the top 100 richest people had family companies to thank for their fortunes.

Family businesses are crucial to wealth creation in the UK as demonstrated by the latest Sunday TimesRich List, where more than half of the top 100 richest people had family companies to thank for their fortunes.

Led by steel tycoon Lakshmi Mittal and his family, worth £12.7 billion (€15.6 billion), the top 100 boasts 53 people and families that owe their wealth to family-run groups, accounting for a total of £140 billion.

UK family businesses growing rapidly, report

August 18, 2011

The ability to plan for long-term growth and an emphasis on stewardship is helping the UK’s biggest family businesses, such as Associated British Food, to achieve strong growth, despite the tough economic conditions, according to the Institute for Family Businesses.

New research released by the IFB, a lobby group promoting family businesses in the UK, shows that sales in the top 10 British family-run companies soared by 10.2% last year.