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October 24, 2022

In this week’s FB Roundup, tributes are paid to billionaire Red Bull co-founder Dietrich Mateschitz; Bernard Arnault sells his private jet to avoid climate activists tracking him; and Sir Richard Branson is invited to take part in a Singapore death penalty debate.

Tributes paid to billionaire Red Bull co-founder Dietrich Mateschitz
Austrian President Alexander Van der Bellen has led tributes to Red Bull co-founder Dietrich Mateschitz, who has passed away aged 78 after a long battle with cancer.

Austria's richest person with a fortune estimated by Forbes at $27.4 billion, the entrepreneur built the energy drink into one of the most recognisable brands in the world with influence across the worlds of sport and culture.

October 23, 2020

Forrest mining family office Tattarang diversifies into apparel brand RM Williams, Ferragamo family denies minority stake sale claim, Louis Vuitton and Christian Dior power LVMH rebound.

Forrest mining family diversifies into apparel brand RM Williams

Andrew Forrest, the Australian mining magnate and family office principal, says he is “incredibly proud and humbled” to return a former family business to Australian ownership in a $135 million acquisition indirectly from the French family-owned luxury giant LVMH.

March 15, 2020

Global family businesses are stepping up to the challenge of the deadly coronavirus pandemic by safeguarding staff, adapting production lines and pledging millions of dollars to the medical relief effort.

Global family businesses are stepping up to the challenge of the deadly coronavirus pandemic by safeguarding staff, adapting production lines and pledging millions of dollars to the medical relief effort.

Lord Bamford (pictured), the second-generation chairman of JCB, said his $5 billion manufacturing family business had been approached by UK Prime Minister Boris Johnson to see if it can help with the production of ventilators. The machines help the breathing of patients whose lungs have been damaged by COVID-19.

October 31, 2019

European family business titans Fiat Chrysler and LVMH look to consolidate their dominance in their automaking and luxury goods markets in an uncertain world by eyeing multi-billion dollar mergers.

European family business titans Fiat Chrysler and LVMH look to consolidate their dominance in their automaking and luxury goods markets in an uncertain world by eyeing multi-billion dollar mergers.

The Italian Agnelli family, which controls Fiat Chrysler through its holding company Exor, was expected to approve the proposed $48 billion union with Peugeot-owner PSA, itself 12.2% owned by the French Peugeot family.

July 19, 2017

Carla Fendi, award-winning honorary president, public face, entrepreneur, arts collector and patron, and philanthropist of the billion-euro Italian family luxury fashion house Fendi, has died in Rome at the age of 79 after a long illness.

Carla Fendi, award-winning honorary president, public face, entrepreneur, arts collector and patron, and philanthropist of the billion-euro Italian family luxury fashion house Fendi, has died in Rome at the age of 79 after a long illness.

Carla and her equally formidable Fendi sisters Paola, Anna, Franca and Alda transformed the humble family business into a desirable global brand, renowned for its monogrammed handbags and leather goods beloved by Hollywood and European royalty.

March 21, 2013

The next-gens in luxury firms aren’t complacent. Campden looks at 10 who are making a name in their own right.

The next-gens in luxury firms aren’t complacent. Campden looks at 10 who are making a name in their own right.

Kilian Hennessy, 40
He’s an heir of the legendary Hennessy cognac company, but Kilian Hennessy’s luxury interests lie elsewhere: in fragrances. After training under some of Europe’s most prolific noses he worked as a perfumer for Christian Dior, Paco Rabanne, Alexander McQueen and Giorgio Armani.

January 1, 2002

Italy is a world leader in fashion and design. However, increased global competition of the Italian fashion and design industry poses a potential threat to family dominance

The Italian fashion and design industry has overtaken France as a world leader, with an estimated 30% of the global market in luxury goods, estimated to be worth more than US$80 billion each year.

Italian fashion exports were valued at US$26 billion during 2000, an increase of nearly 15% over the previous year. Other significant export markets include Germany, France and the UK, with East European nations such as Romania emerging as new customers for the fashion giants of Rome and Milan.

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