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Grosvenor Estate

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.

FB Roundup: Walmart, Barbour, Grosvenor

April 22, 2020

Walton family’s Walmart hires 200,000 furloughed staff and pauses Asda sale, Barbour family switches production from clothing to personal protection equipment, Grosvenor Estate targets help at vulnerable businesses and families.

Walton family’s Walmart hires 200,000 furloughed staff and pauses Asda sale

Walmart, the world’s biggest family business, reached its goal of hiring 150,000 new employees by the end of May in less than a month and has pledged to hire an extra 50,000 staff as part of the US retailer’s response to the coronavirus crisis.

FB Roundup: Wheatsheaf, Eka Tipta Widjaja, and Tata Motors

February 14, 2019

Wheatsheaf buys climate tech company to reduce food waste, Sinar Mars founder Eka Tjipta Widjaja dies, and Tata Motors posts record-breaking loss on Jaguar Land Rover.

Wheatsheaf buys climate tech company to reduce food waste

Wheatsheaf Group, the investment arm of the Grosvenor family office, has acquired a 90% stake in Purfresh—a provider of specialised climate control technology designed to reduce food waste during shipping.

It is estimated as many as one out of 15 containers, some worth up to $500,000, are rejected when they arrive at their destination due to spoilage, according to Purfresh.

Grosvenor family’s agri-food arm sets up US office

February 7, 2018

Britain’s wealthiest land-owning family has established a North American office to develop its future-focused businesses and seek potential investments.

Britain’s wealthiest land-owning family has established a North American office to develop its future-focused businesses and seek potential investments.

Wheatsheaf Group, the food and agriculture operator and investor holding of the Grosvenor Estate, has set up operations in Minneapolis, Minnesota, headed by former Cargill manager Sylvio Petto Neto.

The Grosvenor family unit currently has seven North American companies in its portfolio ranging from vertical farmer AeroFarms to sustainable insect-based feed manufacturer Enterra.

Grosvenor Estate tackles Paradise Papers accusations with increased disclosure

November 10, 2017

The Grosvenor Estate ‘front-footed’ many of the media claims made against it leading up to the Paradise Papers data leak – in the process offering an example of how family-owned enterprises can face up to reputation threats.

One of the UK’s most prominent families ‘front-footed’ many of the media claims made against it leading up to the Paradise Papers data leak – in the process offering an example of how family-owned enterprises can face up to reputation threats.

In a thorough statement on its website published on 26 October, executive trustee of the Grosvenor Estate Mark Preston, addressed many of the “inaccurate” articles.

Grosvenor calls for public to help revamp “London’s leading public space”

July 6, 2017

Britain’s wealthiest land owning family want to make “sensational again” a prime piece of London real estate larger than Trafalgar Square.

Britain’s wealthiest land owning family want to make “sensational again” a prime piece of London real estate larger than Trafalgar Square.

The principle of the day-to-day management of the Grosvenor square has been confirmed, with the handover expected in early 2018. This will see management of the square go back to the Grosvenor family who originally constructed the square in the 1720s, from the Royal Parks of London.

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.

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.