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FB Roundup: Lego, Dassault, Benetton Group

July 2, 2019

Lego buys back entertainment parks, Dassault Aviation signs French AI manifesto, Genoa bridge demolished.

Lego repurchase of Legoland Parks continues trend of de-listing
Lego’s parent company has bought back the entertainments company it sold to Merlin Entertainment in 2005 for £4.8bn with a consortium of private equity and institutional investors.

Lego’s parent company, Kirkbi, which is controlled by the third-generation of the Kirk Kristiansen family, already owned a 30% stake in Legoland Parks after selling 70% of the business for about £250 million in July 2005 to repay mounting debts.

Who are the finalists for the European Families in Business Awards 2019?

June 27, 2019

Inspiring family businesses that excel in growth, governance, stewardship and sustainability will vie for six awards at the most prestigious awards ceremony in Europe’s family business society.

Inspiring family businesses that excel in growth, governance, stewardship and sustainability will vie for six awards at the most prestigious awards ceremony in Europe’s family business society.

Campden Wealth’s family business awards coming to Americas

January 18, 2019

Campden Wealth is calling for nominations for its inaugural gala awards in the Americas to recognise the best-in-class family enterprises across the region.

Campden Wealth is calling for nominations for its inaugural gala awards in the Americas to recognise the best-in-class family enterprises across the region.

Organisers at the New York wing of Campden said they were “shocked” to discover there were no existing awards recognising excellence among multigenerational business families of sustainable wealth on the entire continent.

Nominate the best in family business at the European Families in Business Awards 2019

December 14, 2018

Nominations are now open for the European Families in Business Awards 2019, the most prestigious celebration of excellence among business families of wealth across the continent.

Nominations are now open for the European Families in Business Awards 2019, the most prestigious celebration of excellence among business families of wealth across the continent.

Zegna family says buying US label Thom Browne is “the perfect fit”

August 30, 2018

Ermenegildo Zegna is renowned for its luxury menswear, but the Italian family-owned group is pursuing American women and millennials and consolidating its Asian market with its $500 million takeover of US label Thom Browne.

What can families learn from the Benetton bridge backlash?

August 22, 2018

Prioritising family-centred non-economic goals could have mitigated the reputational damage the Benetton family is suffering in the wake of the deadly bridge collapse in Italy, an academic says.

Prioritising family-centred non-economic goals could have mitigated the reputational damage the Benetton family is suffering in the wake of the deadly bridge collapse in Italy, an academic says.

Instead, the Italian public and media see the Benettons as a family that prioritised profits over public safety.

John Elkann pays tribute to Fiat Chrysler driving force Sergio Marchionne

July 25, 2018

The family principal behind Fiat Chrysler Automobiles (FCA) has pledged to build on the legacy of Sergio Marchionne, his friend and non-family chief executive, who is credited by many with rescuing the automaking group from bankruptcy.

John Elkann, chairman and chief executive of the Agnelli family-controlled holding company Exor, paid tribute to Marchionne, who died suddenly today in intensive care in Zurich aged 66 from complications from shoulder surgery.

Benetton co-founder shakes up governance with next gens

May 24, 2018

Luciano Benetton has overhauled the fashion empire he co-founded by forming a new corporate vehicle and appointing next generation family members to its board.

Luciano Benetton has overhauled the fashion empire he co-founded by forming a new corporate vehicle and appointing next generation family members to its board.

Golden tickets: the new face of luxury travel

January 31, 2018

Your family is in need of some downtime, but with a splash of glamour. So where do you go? And how are our luxury escapes changing? Alison Ebbage speaks to Philippe Brown, founder of bespoke travel planners Brown and Hudson

Your family is in need of some downtime, but with a splash of glamour. So where do you go? And how are our luxury escapes changing? Alison Ebbage speaks to Philippe Brown, founder of bespoke travel planners Brown and Hudson

Homes from home: The world’s most sought-after locations

December 6, 2017

With second homes needing to make sense both as investments and as great places to live, what do the world’s most sought-after locations have to offer?

With second homes needing to make sense both as investments and as great places to live, what do the world’s most sought-after locations have to offer?

ASPEN, COLORADO, US

Few places fit the tag “billionaire’s playground” quite like Aspen, Colorado.

Nestled within the Rocky Mountains, it has long been one of the United States’ most exclusive skiing destinations.