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Joh A Benckiser

Family business roundup: Fiat edges closer to closing Chrysler deal; Coty launches IPO

June 14, 2013

Exor's Fiat is close to reaching a refinancing deal, while Joh A Beckiser's cosmetics company Coty launched an IPO.

Fiat
Fiat, the Italian carmaker controlled by the Agnelli family's Exor, is getting close to completing a refinancing deal that would allow it to take full control of US-based Chrysler.

Chief executive Sergio Marchionne is due to sign an agreement with nine banks as soon as 21 June to refinance €1.95 billion in Fiat credit, according to two anonymous sources close to the matter.

Family business roundup: Saras sells a stake, Joh A Benckiser buys, Tata gets a foothold in France

April 15, 2013

Joh A Benckiser buys into coffee maker DE Master Blenders; Tata Group buys into French IT sector and the family behind Saras sell a big share to the Russians.

Saras
Italian oil refinery Saras, controlled by the Moratti family, has agreed to sell a 13.7% stake in the business to Rosneft JV Projects – a subsidiary of Russian state-owned oil company Rosneft – for €178.5 million.

Family business roundup: Acquisitions for Joh A Benckiser and PPR, Gruma buys back company shares

December 19, 2012

From tortilla and coffee producers to luxury goods and retail groups, it’s been a week of acquisitions for family businesses in North America and Europe, with companies including Jon A Benckiser and PPR buying new assets.

Joh A Benckiser

Joh A Benckiser, the holding company of the German Reimann family, is to acquire the US’s second largest coffee operator – Caribou Coffee – for about $340 million (€258 million).

Family business roundup: Remy Cointreau and Joh A Benckiser make acquisitions

July 24, 2012

The drinks are on Remy Cointreau and Joh A Benckiser, after the family businesses respectively snapped up a whisky-maker and a coffee shop chain this week.

Joh A Benckiser, the holding company of the German Reimann family, said it would acquire US chain Peet’s Coffee & Tea for nearly $1 billion (€827,000) on 23 July.