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FB Roundup: Daily Mail and General Trust, Heineken, LVMH

December 18, 2021

Rothermere wins bid to take back Daily Mail, Heineken’s African push with $4.5 billion merger, LVMH takes Thelios inhouse in share buyout.

Rothermere wins bid to take back Daily Mail

The $1.1 billion publisher of Britain’s bestselling newspaper is back in Rothermere family hands after 90 years as a publicly listed company.

However, the slimmed down Daily Mail and General Trust (DMGT) faces a cost-cutting editorial management shake-up, amid ailing publishing sales and advertising.

Ruffer on why inflation is the ‘starting gun’ for global volatility

June 17, 2021

“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the US economy will likely boom,” Jamie Dimon, chief executive of JPMorgan Chase, said in May 2021.

The number of companies raising prices in the United States is at a 35-year high.

“This boom could easily run into 2023 because all the spending could extend well into 2023.”

FB Roundup: Heineken, Fininvest, Nathan Cummings Foundation

May 24, 2021

Heineken brews acquisition of South Africa’s Distell Group, Berlusconi family's Fininvest exits Mediobanca, Nathan Cummings Foundation calls for racial equality in impact investing.

Heineken brews acquisition of South Africa’s Distell Group

Family-owned Heineken, the world’s second-largest brewer, could buy a majority share of a unique $1.8 billion South African wine and spirits company, making the deal its second acquisition in 2021.

The fourth-generation Dutch beer maker confirmed last week it is in talks with Distell Group Holdings over a “potential transaction”. The $23.7 billion brewer added discussions were ongoing and there was no certainty an agreement would be reached.

Australia’s Coopers Brewery family business has fortitude on tap against the coronavirus

May 13, 2020

Australia’s family-owned Coopers Brewery is demonstrating its resilience against the impacts of the coronavirus pandemic by continuing to manufacture and distribute its products while supporting supply chains and the hospitality sector, and protecting its workforce and philanthropic grants.

Since the Covid-19 outbreak, the sixth-generation family business has grappled with major changes in how it operates, in tandem with difficulties among commercial partners and fluctuating customer demand in an uncertain market.

FB Roundup: Dyson, Melia Hotels, AB InBev

March 27, 2020

James Dyson says “race is on” to make 10,000 coronavirus ventilators, Escarrer family braces Melia Hotels for coronavirus and world recovery, AB InBev adapts to changing consumer tastes with premiumisation strategy.

James Dyson says “race is on” to make 10,000 coronavirus ventilators

Sir James Dyson, the UK billionaire entrepreneur who made his fortune by inventing a cyclonic vacuum cleaner, has been commissioned by the UK government to make 10,000 critical ventilating machines for the country’s health service in the fight against the coronavirus pandemic.

Family brewers of London Pride sell beer business to ferment property portfolio

February 1, 2019

London’s last family brewer Fuller’s has sold its entire beer business to a Japanese firm for $328 million to focus on its lucrative pubs and hotels.

London’s last family brewer Fuller’s has sold its entire beer business to a Japanese firm for $328 million to focus on its lucrative pubs and hotels.

FB Roundup: Heineken, Continental, and Cargill

August 8, 2018

Heineken strikes Chinese expansion deal, Continental splits its business, and Cargill bulks up on meat, animal feed

Heineken strikes Chinese expansion deal

Heineken has taken a $3.1 billion stake in the parent company of China’s largest brewery, China Resources Beer, heating up competition among Western brewers breaking into the largest emerging market.

Heineken, the world’s second largest brewer and 50% owned by the founding family, currently runs at a loss in China, and the new acquisition will give it access to strong distribution networks, and the chance to acquaint Chinese drinkers with its products.

Beer and roller skates

April 21, 2014

A brewery may seem an unconventional playground for a child, but Warsteiner’s ninth-generation CEO Catharina Cramer practically grew up at the family business.

Hollywood to dramatise Heineken kidnapping

October 18, 2013

The kidnapping of Freddy Heineken is to be dramatised in a new film starring British actor Anthony Hopkins as the Dutch brewery heir.

In 1983, a gang of four criminals who had been friends since childhood abducted Heineken, the third-gen of the brewery empire and the man responsible for its global expansion.

Heineken, along with his chauffeur Ab Doderer, was held for three weeks before being ransomed for 35 million Dutch guilders (€14.4 million) – a record-breaking amount at the time.

Family business Heineken, Haiti and hospitals

April 14, 2012

Family business Heineken is synonymous with beer – after all, the Dutch brewery is the third-largest beer-maker in the world. But now, the company is looking to be associated with something a little different – helping rebuild earthquake-torn Haiti.

The brewing giant, controlled by the Heineken family, is reportedly planning to meet Haiti’s president Michael Martelly and the Clinton Global Initiative to put together plans to build hospitals and schools in the region.