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fourth generation

FB Roundup: JCB, Lavazza, Weybourne Holdings

November 1, 2021

Family-controlled JCB and Fortescue Future Industries sign green hydrogen deal, Lavazza coffee family in $200 million expansion of cafes in China, Sir James Dyson’s family office boosted by $1.8 billion transfer.

Family-controlled JCB and Fortescue Future Industries sign green hydrogen deal

Lord Anthony Bamford, the British second-generation chairman of heavy machinery maker JCB, hails a multibillion-dollar green hydrogen deal with Australian family business Fortescue Future Industries as “a major advance” towards making the clean fuel practical for consumers.

FB Roundup: Oppenheimer Generations, Fortescue Metals Group, The Ford Foundation

October 25, 2021

Oppenheimer family drives Asian investments with new Singapore family office, Mining magnate Andrew Forrest pushes green hydrogen, Ford Foundation to divest millions from fossil fuels.

Oppenheimer family drives Asian investments with new Singapore family office

The Oppenheimer family, heirs to the DeBeers diamond fortune, is the latest family enterprise to extend its family office into Singapore.

FB Roundup: Aster DM Healthcare, Manchester United, Wegmans Food Markets

October 11, 2021

Moopen family’s Aster DM Healthcare partners with Roche Diagnostics in Middle East, Glazer family benefits from share sales in Manchester United, Heiresses in top leadership of Wegmans Food Markets.

Moopen family’s Aster DM Healthcare partners with Roche Diagnostics in Middle East

Aster DM Healthcare, the second-generation Indian family business in Dubai, has entered a strategic partnership for the Middle East “to stay ahead of the curve” with the diagnostics wing of the Swiss fourth-generation healthcare multinational Roche.

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.

New Zealand’s “most trusted” chocolate brand expands to Malaysia

June 19, 2014

Family-owned chocolate maker Whittaker’s has announced it is expanding into the Malaysian market allowing its New Zealand-made chocolates to be sold by major retailers.

Family-owned chocolate maker Whittaker’s has announced it is expanding into the Malaysian market allowing its New Zealand-made chocolates to be sold by major retailers.

The family business, founded in 1896, has previously only supplied its chocolate range to Malaysian duty free shops.

Fourth-gen Matt Whittaker, head of international markets, says flavours being introduced have not previously been available in the Malaysian market, such as such as peanut butter, macadamia nut and dark peppermint fondant.

Not chicken: Fourth-gen brothers take control at George's Inc

April 10, 2013

George's Inc, one of the US's largest privately owned poultry companies, is strengthening family control by promoting fourth-gen brothers to the role of joint chief executive and president.

Carl and Charles George joined the $900-million-a-year (€687 million), Arkansas-based family business in 1997 fresh from school, working their way up to the executive team in 2006.

Croc star

February 28, 2013

Ethan Koh, the 25-year-old fourth-generation tanner and founder of a London-based fashion business, on modern luxury, artisanship — and how to pick the perfect crocodile skin.

Loss complicates succession planning

September 15, 2010

Canada's second-largest family empire is reeling from the unexpected and simultaneous loss of two key family members. How the Irvings respond to these events will impact their succession process, writes Jennifer East

Canada's second-largest family empire is reeling from the unexpected and simultaneous loss of two key family members. How the Irvings respond to these events will have a significant impact on their complex succession process, writes Jennifer East.

Fourth generation joins the board of family-controlled Hearst

October 23, 2009

George R Hearst III has been appointed to the management board of Hearst Corporation, the media company founded by his great-grandfather in founded in 1887.

George R Hearst III has been appointed to the management board of Hearst Corporation, the media company founded by his great-grandfather in founded in 1887.

George, 54, joins his father George Hearst Jr (pictured), who is chairman of the board and has also served as CEO, along with five other family members on the management board, whose directors are elected by the Hearst Family Trust.

Fourth generation takes over at Patek Philippe

October 19, 2009

Patek Philippe SA, the family-controlled watchmaker, announced today fourth-generation Thierry Stern has been appointed as president of the board of directors of the Geneva-based company.