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Duke of Westminster

FB Roundup: Grosvenor Group, Samsung Group, Berkshire Hathaway

August 16, 2021

Grosvenor Group seeks ESG commercial property deals beyond London, Samsung’s ‘crown prince’ Lee Jae-yong released on parole, Warren Buffett maintains Berkshire Hathaway buyback spree over deals.

Grosvenor Group seeks ESG commercial property deals beyond London

Grosvenor Group, the London-headquartered international property businesses owned by the Duke of Westminster and family, looks to expand in the regions of the United Kingdom with its ESG–minded $415 million investment strategy.

The new strategy followed losses in asset values and revenue as Covid-19 pandemic restrictions impacted high street retail in 2020.

FB Roundup: Crown Resorts, Marriott International, Grosvenor Estate

March 27, 2021

James Packer’s Crown Resorts considers $6.2 billion Blackstone bid, Next-gen hotel heir David Marriott to succeed father Bill Marriott, Grosvenor Estate appoints new family office head in management revamp.

James Packer’s Crown Resorts considers $6.2 billion Blackstone bid

Crown Resorts, Australia’s largest casino operator and majority owned by billionaire heir James Packer, is mulling an acquisition offer of $6.2 billion from US private equity giant Blackstone.

New wave of next-generation leaders take charge of global businesses

June 1, 2018

The appointment in April of Alexandre de Rothschild to the supervisory board of Rothschild & Co is the latest in an international wave of young family business scions seizing greater controls at the heart of their large, global family firms.

Alexandre, 37, becomes the seventh generation of the family in charge of the bank in a long-planned succession that sees his father, David de Rothschild, 75, become supervisory board chairman.

Duke of Westminster dies of heart attack aged 64

August 10, 2016

The Duke of Westminster, the patriarch of one of the United Kingdom’s wealthiest family businesses, has died of a heart attack.

The Duke of Westminster, the patriarch of one of the United Kingdom’s wealthiest family businesses, has died of a heart attack.

The Duke, Gerald Cavendish Grosvenor, died yesterday afternoon at Preston Royal Infirmary. He was aged 64.

He was taken there from the Abbeystead Estate in Lancashire where he had suddenly taken ill, the property group Grosvenor announced.

“His family are all aware and they ask for privacy and understanding at this very difficult time, the statement said.

Infographic: British family businesses

April 26, 2016

Being home to one of the world’s most global cities is a mixed blessing for the UK, but family businesses play a significant role in keeping regional economies ticking

Being home to one of the world’s most global cities is a mixed blessing for the UK, but family businesses play a significant role in keeping regional economies ticking

UK family office buys into sustainable packaging venture

November 7, 2014

A British family office has invested venture capital in a food packaging technology that extends the shelf life of foodstuffs such as fish, allowing them to be shipped rather than air freighted.

A British family office has invested venture capital in a food packaging technology that extends the shelf life of foodstuffs such as fish, allowing them to be shipped rather than air freighted.

With the $12.6 million investment, led by Wheatsheaf Investments, BluWrap will increase the varieties of meat the technology can be applied to, including pork.