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Emanuele Preve on siblings, succession, and sector diversification

May 20, 2022

The sixth-generation family member and managing director of Riso Gallo talks about the joining the family firm, branching out of the rice business, and planning for next-gen succession.

Riso Gallo has been proudly serving up the finest risotto rice since the company was first documented in 1856. Founded in Genoa, the company – made famous by its recognisable red cockerel logo – has since grown to sell its products all over the planet.

FB Roundup: LVMH, BMW and Volkswagen, and Lego

September 21, 2018

LVMH next gen Frederic Arnault promoted, European anti-trust regulator probes family carmakers in ‘circle of five’, Family-owned Lego’s consumer reputation beats Google and Amazon.

LVMH next gen Frederic Arnault promoted

Frederic Arnault, the next gen of the world’s leading family-owned luxury products group, has been promoted as part of a restructure of leadership of the group’s wristwatch brands.

Two’s company: Are two-tier management boards just double trouble?

July 23, 2018

Serving two masters can be a recipe for disaster, yet many large family businesses operate successful two board systems which separate the daily management from a supervisory board with a broader mandate. Is a supervisory board right for your family business? Or is the added level of decision-making a hindrance? Daniel Bardsley reports

Last year BMW sold more than 2 million vehicles under its own brand name, a record performance—even if it was not enough to catch arch-rival Mercedes-Benz.

FB Roundup: Hoare & Co, BMW, and Berkshire Hathaway

May 10, 2018

Youthful energy for Britain’s oldest bank, BMW recalls another 300,000 cars, and Buffett takes bigger bite of Apple.

Youthful energy for Britain’s oldest bank

A 32-year-old member of the founding family behind Britain’s oldest bank, C Hoare & Co, has been promoted to shareholding partner.

The small private bank in London, founded in 1672 and still owned by the 10th and 11th generations (pictured), wanted to modernise and inject “millennial thinking” into the business, current partner Alexander S Hoare told the Financial Times.

FB roundup: Nordstrom, BMW, and ArcelorMittal

March 9, 2018

Nordstrom rejects offer from founding family, BMW reports record year despite R&D spend-up, and son moves up at ArcelorMittal

Nordstrom rejects offer from founding family

Nordstrom has rejected an $8.4 billion offer from its namesake family, the latest chapter in the family’s ongoing attempt to wrest back control of the retail giant.

A special committee appointed to consider the $50 per share offer from six Nordstrom family members said in a statement they deemed it “inadequate”.

FB Roundup: Cargill, Armani, and BMW Mini

July 27, 2017

Demand for meat drives Cargill profits, Armani reorganises as sales slip, and BMW to make e-Mini in UK

Demand for meat drives Cargill profits

Cargill, the US’s biggest private company, has made its largest profit in six years thanks to high consumer demand for meat.

The company’s protein business was the biggest contributor to its $3.04 billion adjusted earnings for the year ending 31 May, up 85% from $1.64 billion in the previous financial year. Net profit was $2.84 billion.

David MacLennan, chief executive, attributed the strong result to a two-year restructuring effort and favourable market.

FB Roundup: Red Bull, Sky, and BMW

April 13, 2017

Red bull heir indictment postposed once again; Sky takeover by Murdoch approved by European regulator; and BMW posts record-breaking March sales

Red Bull heir indictment postponed once again

Red Bull heir Vorayuth 'Boss' Yoovidhya, whose grandfather co-founded the energy drink company, has seen his hit-and-run indictment over a 2012 incident with a policeman postponed once again.

For the eighth time in the past year, Vorayuth Yoovidhya missed a scheduled appointment to be formally charged and taken to court by Thai prosecutors. His lawyers said he was “away for business” in England.

The Top 10 family business issues in 2016

December 28, 2016

Politically, 2016 has been a rollercoaster year with Britain voting to leave the European Union and Donald Trump becoming the world’s most powerful (family business) leader. Take a look at the top 10 family business themes of 2016 as selected (in no particular order) by CampdenFB’s editorial team.

Politically, 2016 has been a rollercoaster year with Britain voting to leave the European Union and Donald Trump becoming the world’s most powerful (family business) leader. Away from politics, in 2016 many family enterprises have been wrangling with the ever-present challenge of succession or exploring artificial intelligence, while we farewell Mars family patriarch Forrest E. Mars Jr. Take a look at the top 10 family business themes of 2016 as selected (in no particular order) by CampdenFB’s editorial team.

FB Roundup: Sky UK, América Móvil, and BMW and Toyota

October 14, 2016

Sky investors vote against James Murdoch’s reappointment; América Móvil to invest $600m in Dominican Republic; and BMW and Toyota invest in data gathering company

Sky investors vote against James Murdoch’s reappointment

James Murdoch, the younger son of billionaire Rupert Murdoch, has suffered a shareholder backlash at Sky after more than half of the UK media company's independent shareholders voted against his reappointment as chairman.

World family business brand values increase

September 1, 2016

Family business Toyota shot up almost one-third in its brand portfolio value to $55.3 billion this year, in the latest annual evaluation of the world’s most powerful brands.

Family business Toyota shot up almost one-third in its brand portfolio value to $55.3 billion this year, in the latest annual evaluation of the world’s most powerful brands.

The Japanese company owned by the Toyoda family grew by 30% to become the fifth fastest growing portfolio of brands, according to branded business valuation and strategy consultancy Brand Finance.