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Fiat Chrysler

September 25, 2020

Agnelli family’s Exor deals risk with GEDI but reward with Fiat Chrysler; e-commerce, Chinese and comfort sales cushion L’Oreal against the coronavirus, heiress Verena Bahlsen leads her family business to innovation and social responsibility.

Agnelli family’s Exor deals risk with GEDI but reward with Fiat Chrysler

The completion of the Agnelli family’s €104.2 million ($121 million) buy back of control of GEDI from the De Benedetti family came at a fortuitous time as Italy’s largest editorial group suffers in the first half of the year of the coronavirus.

De Benedetti family sells Italy’s biggest media group GEDI to Agnelli family

December 6, 2019

John Elkann, heir to the Agnelli industrial dynasty, says his family’s $113 million deal with the De Benedetti family’s media empire will future proof the publisher of Italy’s La Repubblica and La Stampa newspapers.

Family owned Fiat Chrysler, LVMH move on multi-billion dollar mergers

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.

Five family business trends for 2019

January 23, 2019

How will family businesses fare in 2019? What will be the major trends to shape their experience or to watch out for? We’ve put our thinking caps on to forecast five key family business trends in 2019.

The start of 2019 signals the start of prediction season. This year there’s plenty of grand forecasts about geopolitical and macroeconomic changes from trade wars to a cooling Chinese, US, and global economy in a year of transformation and disruption.

FB Roundup: Fiat Chrysler, Pz Cussons, and Peugeot

January 27, 2017

NY prosecutor drops charges against Fiat heir Lapo Elkann; PZ Cussons reports huge first-half profits drop; and French carmaker Peugeot returns to India after two decades

NY prosecutor drops charges against Fiat heir Lapo Elkann

New York prosecutors have dropped charges against Lapo Elkann, one of the heirs to Italian industrial dynasty Fiat Chrysler, who has been accused of concocting a fake abduction scheme in an effort to get ransom money.

FB Roundup: Lavazza, Fiat Chrysler, and Lotte Group

July 24, 2015

Lavazza to acquire Carte Noire for €800 million; Fiat Chrysler announces Ferrari IPO; and Shin Dong-bin appointed CEO at Lotte Holdings

Lavazza to acquire Carte Noire for €800 million

Lavazza, the family-run Italian coffee maker, has put in a formal bid to acquire French brand Carte Noire for €800 million ($879 million).

According to a company statement, the deal will treble the company’s turnover in France and will help it grow organically in the surrounding regions.

Fiat Chrysler returns Ferrari to family control

March 6, 2015

Italian carmaker Ferrari may return to family control during an initial public offering this year providing current owner Fiat introduces a “loyalty share” plan that will boost voting rights of established investors.

Italian carmaker Ferrari may return to family control during an initial public offering this year if current owner Fiat introduces a “loyalty share” plan that will boost voting rights of established investors.

Loyalty shares have recently caused a divide between family businesses and institutional investors in Italy. Introduced by the Matteo Renzi-led government last year, they allow shareholders double voting rights if they hold stock longer than two years.

Fiat Capitalism

November 6, 2013

John Elkann heads one of the world’s biggest conglomerates. But he wants to be more than just another boss of a big multinational. He wants to change the world. CampdenFB reports.

John Elkann is on a mission. The fifth-generation owner and manager of one of the biggest industrial groups in the world wants capitalism to change. With his boyish face, soft voice, reserved – even diffident – style he might make an unlikely evangelist, but he is deadly serious.